Venture • Business Services

Warburg Pincus and 3TS Capital Partners Invest In Systinet

On March 6, 2002, private equity firms Warburg Pincus and 3TS Capital Partners invested in business services company Systinet for 21M USD

Investment Context
  • This is Warburg Pincus’ 4th and 3TS Capital Partners’ 1st transaction in the Business Services sector.
  • This is Warburg Pincus’ 50th and 3TS Capital Partners’ 2nd largest (disclosed) transaction.
  • This is Warburg Pincus’ 27th and 3TS Capital Partners’ 1st transaction in the United States.
  • This is Warburg Pincus’ 2nd and 3TS Capital Partners’ 1st transaction in Massachusetts.
Investment Fate
  • Systinet was sold to a publicly-traded strategic buyer in 2006.

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Investment Summary

Date March 6, 2002
Target Systinet
Sector Business Services
Investor(s) Warburg Pincus
3TS Capital Partners
Deal Type Venture
Deal Value 21M USD

Target Company

Systinet

Cambridge, Massachusetts, United States
Systinet provides companies with the ability to create, publish, discover and use Web Services and functional software components accessible via the Internet. Systinet is located in Boston, USA with the development team in Prague, Czech Republic.
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Investors Overview 2

Investor

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


Deal Context for Investor #
Overall 44 of 493
Sector: Business Services 4 of 21
Type: Venture 4 of 70
State: Massachusetts 2 of 11
Country: United States 27 of 242
Year: 2002 2 of 6
Size (of disclosed) 50 of 50
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-31 ZymoGenetics

Seattle, Washington, United States

ZymoGenetics, Inc. is a biopharmaceutical company focused on the discovery and development of protein therapeutics that prevent or treat significant human diseases. The company launched its first product on the U.S. market in 2008 and has a strong pipeline of additional products in development.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-04-04 WNS

Mumbai, India

WNS is a Business Process Management (BPM) company that delivers an entire spectrum of business process management services such as customer care, finance and accounting, human resource solutions, research and analytics, technology solutions, and industry-specific back-office and front-office processes. WNS was founded in 1996 and is based in Mumbai, India.

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 Context for Investor #
Overall 5 of 47
Sector: Business Services 1 of 1
Type: Venture 3 of 22
State: Massachusetts 1 of 3
Country: United States 1 of 8
Year: 2002 1 of 2
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-07-01 Orange Slovensko a.s.

Bratislava, Slovakia

Orange Slovensko is the leading GSM mobile telephony operator in Slovakia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-01 Slaska Telewizja Kablowa Sp. z o.o.

Chorzów, Poland

STK is a cable television service provider in Southern Poland. Its network covers more than 144,000 homes and services over 65,000 subscribers. The company focuses on increasing ARPU through introduction of new services such as Internet access based on its state-of-the-art fibre network.

Buy -