3TS Capital Partners sold a stake in H88 to R22 for €13.6m.

Private equity firm 3TS Capital Partners sold a 28.5% stake in H88, one of the leading and fastest growing web hosting and domain registration companies in Central and Eastern Europe, to R22 a publicly listed Internet services provider, for €13.6m. “The cooperation between R22 and 3TS made it possible to carry out a dynamic consolidation process of the Polish hosting and domains market. Having a strong financial partner behind us, and supported by bank debt and IPO funds, we were able to implement our strategy quickly and more efficiently than we initially anticipated – the partnership with 3TS was key in this respect. After an intense acquisition period on the Polish market, we are constantly increasing revenues. efficiency of the segment and are developing abroad. We have already a leading position in Romania and have plans to become a leader in the CEE region.”, said Jakub Dwernicki, President of the Management Board of R22 Group.