3TS has exited its 28.5 per cent stake in web hosting and domain registration company H88 in a €13.6m sale to Warsaw Stock Exchange-listed R22.
After receiving a number of approaches from rival private equity firms, a flotation has emerged as the most likely exit route, according to Sky News.
The firm originally purchased the company out of its €180m Wisequity fund III back in May 2014 and closed it in December 2015, €10m over its target.
Carr joins BDO from Lloyds. He worked in various roles here for nearly twenty years and became a specialist in private equity debt.
Capital will be used to meet the growing demand from private equity backed businesses to fund larger deals of up to £15m.
Hg has sold British visual effects producer The Foundry to US trade buyer Roper Technologies in a deal valuing the business at £410m.