Enterprise Investors to Acquire a 76 Percent Stake in Poland-based Telecom 3S (CEE and CIS)

Source: Enterprise Investors

Central and Eastern Europe-focused private equity and venture capital fund manager Enterprise Investors has agreed to acquire a 76 percent stake in Poland-based telecommunications company 3S for EUR22 million (approximately US$25 million). Enterprise will purchase the stake from PCC, a Germany-based conglomerate, and the company’s founders, who will retain a minority stake. The transaction, which will be structured through Polish Enterprise Fund VII, is conditional upon obtaining antimonopoly approval.