Press release

27 Oct 2020

EY Poland advised Abris Capital Partners in the sale process of Cargounit (Industrial Division sp. z o.o.) - the largest independent locomotive lessor in Poland

EY acted as the financial advisor to Abris Capital Partners providing extensive transaction advisory in terms of financial vendor due diligence. Congratulations to the Seller – Abris Capital Partners, the Buyer – Three Seas Initiative. Big thanks to the Company and their finance team for smooth and professional cooperation.

Press contact
Olga Kobus

EY Poland, Media Relations Senior Associate

At work - for media, after work – media enthusiast.

Related topics Strategy and Transactions

EY acted as the financial advisor to Abris Capital Partners providing extensive transaction advisory in terms of financial vendor due diligence. Congratulations to the Seller – and Abris Capital Partners, the Buyer – Three Seas Initiative. Big thanks also to the Company and their finance team for smooth and professional cooperation.

EY financial team that advised on the transaction process included Arkadiusz Strasz, Paweł Pietrowicz, Marianna Grudzińska, Joanna Olszewska and Emil Kowalik.   

Abris Capital Partners is a leading independent private equity fund manager focused on mid-market opportunities in the major countries of Central & Eastern Europe.

Cargounit is the largest independent locomotive lessor in Poland, providing a comprehensive service offering, and is led by a highly experienced management team. Abris acquired a majority share in this company in May 2016 and subsequently invested additional capital for fleet expansion helping the company to increase revenues and profits more than threefold. During 2018-2020 the Company focused on investing in new fleet, including top-of-the-range locomotives, and completed a landmark, EU co-funded order for five brand-new multisystem locomotives specified for intermodal transportation.

Cargounit established itself as the clear market leader through prolonging and securing long-term contracts, extending its client base as well as its breadth of leasing options offered and introducing fleet management services.

The Three Seas Fund that acquired Cargounit is a dedicated commercial fund targeting infrastructure investments in Central and Eastern Europe (‘CEE’). The Fund strategy is to invest in energy, transport and digital infrastructure in European Union (‘EU’) CEE member states which border the Baltic, Adriatic and Black Seas where the demand for long-term commercial investment into national infrastructure is among the highest in the EU.

About EY

EY is a leading global professional services firm in assurance, tax, strategy and transaction and consulting services. Worldwide, nearly 300,000 best professionals operating from more than 700 EY member firms based in more than 150 countries share EY values and commitment to deliver exceptional client service. Our mission is “Building A Better Working World”, as a better working world is a better working economy, society and ourselves. 

EY in Poland has about 4,000 professionals operating from 7 offices across Poland – Warsaw, Gdańsk, Katowice, Kraków, Łódź, Poznań, Wrocław and EY SSC. EY Poland has been announced the “Best and Most Successful Tax Advisory Services Firm” several times in the business media rankings, and has also topped the “Best Accounting Firm” lists.

Since 2003 EY Poland has been running the EY Entrepreneur Of The Year Poland programme, with the country winners representing Poland to vie for the EY World Entrepreneur Of The Year title in the finals held annually in Monte Carlo.

EY is also one of the best employers in Poland. The firm has been honoured with Uniwersum’s “Best Employer” title and the “Most Desirable Employer” in the “Employer Of The Year®” ranking by AIESEC. EY has also received the “Great Place to Work” awards in the category of firms with more than 500 employees.