BKS Capital Partners (BKS), a private equity group focusing on Central and Eastern Europe, and 3TS Capital Partners, one of the leading venture capital and private equity firms in Central and Eastern Europe, today announced the closing of a EUR 3 million equity investment in BKS Czech cable TV venture. 3TS Capital Partners has invested through the 3TS Cisco Growth Fund.
BKS Capital Partners through this venture has acquired 3 additional cable TV companies in May (Sater, RTV-5 and KTVM), bringing to 6 the number of companies acquired within 3 months. All these companies will be merged legally and operationally during the summer. The networks are being upgraded, and the services will be offered under a unified brand "Nej-TV". Nej-TV already covers 24 towns and 28.000 subscribers. BKS sticks to its objective to reach 100.000 subscribers within 18 months.
"Cable TV networks are subject to an in-depth transformation resulting from the necessity to offer much higher internet connectivity at lower price, and digital TV programs. This mutation requires strong investment in the network and in new technologies which opens the door to market consolidation opportunities," said Nicolas Boissin, CEO of BKS Capital Partners.
"3TS targets investments in fast growing companies in Central and Eastern Europe, among others in the media sector. Nej-TV is in the core of our focus given its growth potential (both organic and through acquisition) and we are delighted to continue our investment activities in the Czech Republic with this very attractive investment," said Daniel Lynch, 3TS Managing Partner.
About BKS Capital Partners
BKS Capital Partners strategy is supported by a strong management team composed of Nicolas Boissin, CEO of BKS Capital Partners, who restructured and sold a cable TV company in Poland with more than 250.000 subscribers; Ivan Laška who is former first vice-minister of the Czechoslovak Ministry of Transport and Communications and founder and former CEO of GTS Czech and Slovakia; and Jan Dašovsky who founded, runs and owns Self Servis, a cable TV Company based in South Moravia that provides highest quality triple play services.
About 3TS Capital Partners
3TS Capital Partners (http://www.3tscapital.com) is one of the leading private equity and venture capital firms in Central and Eastern Europe operating in the whole region through offices in Prague, Budapest, Bucharest, Vienna and Warsaw. 3TS targets investments in growth sectors including Consumer & Services, Media & Marketing, Technology & Telecoms and Energy & Environment. Investors in the 3TS funds totaling over € 200 million include 3i Group, Cisco, Sitra, EBRD and KfW among others.
Media Contact:
BKS Capital Partners
Nicolas Boissin
CEO
Tel.: +420 603 151 902
E-mail: boissin@bks-capital.com
3TS Capital Partners
Daniel Lynch
Managing Partner
Tel.: +420 2 2146 0130
E-mail: dlynch@3tscapital.com
3TS Capital Partners, 3TS and the 3TS logo are registered trademarks or trademarks of 3TS Capital Partners Ltd. and/or its affiliates.
Net-TV brand name and logo are registered trademarks or trademarks of BKS Capital Partners a.s.
*Other names and brands may be claimed as the property of others.