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.