Enterprise Investors sells 3S to trade in €96m deal

The total enterprise value of 3S and its subsidiaries is €96m, with the equity value amounting to €78m, the vendor and acquirer confirmed in statements.

The sale process, which began in Q4 2019, saw interest both from private equity firms and strategic investors, a person familiar with the situation told Unquote.  

The sale has generated a money multiple of more than 3x, Unquote has learned. 

The transaction is conditional upon obtaining anti-monopoly approval. The acquisition will be financed from both cash and financing available to the acquirer.

Previous funding 
The GP acquired a 76% stake in the asset in a €21m transaction in 2015, via its Polish Enterprise Fund VII, which closed on €314m in 2013. 

Company
Founded in 2002 and headquartered in Katowice, 3S is the owner and operator of a 3,800km-long, fibre-optic network connected with a geographically diversified Tier 3 data centre cluster. The company provides cloud services to more than 2,800 B2B clients in Poland. It employs 250 people and generated €20m in revenues in 2018.

People
Enterprise Investors – Rafał Bator (partner).

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• Topics
• Exits
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• Trade sale