Polish IT group R22 SA has agreed to acquire 3TS Capital Partners Ltd.'s 28.5% stake in H88 SA, a web hosting and domain registration company in central and eastern Europe, for €13.6 million.

The deal represents an exit for 3TS Capital Partners, which first invested in H88 in 2016. The investment enabled H88 to acquire six local peers in Poland until 2018, when it teamed up with R22 to purchase three more companies in Romania and other countries, according to a statement.

Finland-based 3TS Capital Partners is a private equity and venture capital firm focused on supporting European small and medium-sized companies across sectors such as technology and internet, media and communications, and technology-enabled services.