3TS cleans up in Romania

3TS Capital Partners has acquired a 30 percent stake in Romanian cleaning company, which may lead to a buy and build strategy.

3TS Capital Partners, a 3i-backed central and eastern European buyout firm  has bought a 30 percent stake in Romanian cleaning company Romprest Services for an undisclosed sum. 

The stock purchase, combined with a contribution to the company’s share capital, is intended to allow Romprest to implement its growth plans. These include expanding its facility management services to the private sector and consolidating its position in waste management and road maintenance.

Romprest chairman Florian Walter said the investment would also potentially allow the company to make some acquisitions.

The investment has been made from 3TS’s second fund, which has FTSE 100-listed private equity group 3i as its sole investor.

The deal follows last week’s acquisition of private healthcare business Romar Medical and receivable collection business Top Factoring by New Europe Capital, a Romania-focused buyout firm.