Investment Summary

Euroventures and 3TS Capital Partners Invest In Tresorit

On October 4, 2012, private equity firms Euroventures and 3TS Capital Partners invested in internet software and services company Tresorit

Investment Highlights
  • This is Euroventures’ 1st and 3TS Capital Partners’ 6th transaction in the Internet Software and Services sector.
  • This is Euroventures’ 6th and 3TS Capital Partners’ 4th transaction in Hungary.
Investment Fate
  • Tresorit was sold to a strategic buyer in 2021.
  • Tresorit was sold to a consortium of financial buyers in 2022.

Investment Summary

Date 2012-10-04
Target Tresorit
Sector Internet Software and Services
Investor(s) Euroventures
3TS Capital Partners
Deal Type Venture

Target

Tresorit

Budapest, Hungary
Tresorit is a cloud-based, secure file synchronizing software provider, specifically designed to share confidential data of business users. Tresorit is suitable for making shared directories in a way that the files in the directories are encrypted before being uploaded and the encrypted file will get into the cloud. Tresorit was founded in 2011 and is based in Budapest, Hungary.

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Investor(S) 2

Investor

Euroventures

Budapest, Hungary

Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 110M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

Euroventures Zrt. is a private equity firm that targets smaller company investments in Central Europe. Euroventures looks to partner with management and will consider businesses in a wide range of sectors. The Firm targets businesses valued between EUR5 and EUR30 million. Euroventures was formed in 1989 and is based in Budapest, Hungary.


DEAL STATS #
Overall 8 of 14
Sector: Internet Software and Services M&A 1 of 2
Type: Venture M&A Deals 5 of 6
Country: Hungary M&A 6 of 11
Year: 2012 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-03 Hilltop

Neszmély, Hungary

Hilltop is an operator of vineyards between Neszmély and Dunaszentmiklós, including Meleges HillHilltop's production areas include the meleges vineyard, the Keresztrét vineyard, which produces complex, sweetly fruity wines, the Urbankó vineyard, which produces high-yielding grapes with a unique spiciness, the cradle of full, rich batches blessed with beautiful acids, the Faragó- vineyard, and the Páskom vineyard, which brings the most concentrated and intense flavors. Hilltop was founded in 1993 and is based in Neszmély, Hungary.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-03 Live Info International

Budapest, Hungary

Live Info International is a provider of live news broadcasts and news agencies and news portals for online videos. Live Info International is based in Budapest, Hungary.

Buy -
Investor
DESCRIPTION

3TS Capital Partners is a private equity firm that targets buyout and expansion capital investments in Central and Northern Europe. 3TS primarily targets growth tech businesses operating in the communications, internet, media, and technology-enabled services sectors. 3TS typically holds investments for three to five years. 3TS Capital Partners was formed in 1999 and is based in Helsinki, Finland.


DEAL STATS #
Overall 28 of 47
Sector: Internet Software and Services M&A 6 of 11
Type: Venture M&A Deals 9 of 22
Country: Hungary M&A 4 of 4
Year: 2012 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-17 Piano Software

Philadelphia, Pennsylvania, United States

Piano Software is a digital content monetization and audience intelligence platform for media companies and premium content producers. Piano's high-performance platform includes a subscription commerce engine (Piano VX), a customer experience toolkit (Piano Composer), and a user management system (Piano ID) that serve as a comprehensive product suite for media businesses across digital platforms. Piano Software was established in 2010 and is based in Philadelphia, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-29 SolveDirect Service Management

Vienna, Austria

SolveDirect Service Management GmbH is a provider of cloud-delivered software that integrates services management.

Sell -