M&A Deal Summary

Mid Europa Partners Acquires Cargus

On September 27, 2018, private equity firm Mid Europa Partners acquired transportation company Cargus from Abris Capital Partners

Acquisition Highlights
  • This is Mid Europa Partners’ 3rd transaction in the Transportation sector.
  • This is Mid Europa Partners’ 4th transaction in Romania.

M&A Deal Summary

Date 2018-09-27
Target Cargus
Sector Transportation
Buyer(s) Mid Europa Partners
Sellers(s) Abris Capital Partners
Deal Type Secondary Buyout

Target

Cargus

Bucharest, Romania
Cargus is involved in domestic parcel delivery and courier freight delivery services. Cargus serves over 8,800 B2B and B2C clients as a last-mile delivery specialist, operating a nationwide network of five hubs and over 38 stations connected by over 220 line-haul routes. Cargus was founded in 1991 and is based in Bucharest, Romania.

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Buyer(S) 1

Buyer

Mid Europa Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 5.3B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Mid Europa Partners is a private equity firm focused on investing in Central and Eastern Europe. Mid Europa prefers control based investments in market leading companies operating in industries with high barriers to entry. Sectors of interest include telecom, media, utilities, transportation, natural resources, industrial, healthcare, building materials, manufacturing, and agriculture. The Firm looks to commit €75 to €200 million of equity capital per transaction in businesses valued up to €500 million. Prospective transaction types include buyouts, take-privates, divestitures, turnarounds, and large scale expansions. Mid Europa Partners is the successor entity to EMP Europe Ltd, which was formed in 1999. Mid Europa has offices in Budapest, Warsaw, and London.


DEAL STATS #
Overall 36 of 44
Sector (Transportation) 3 of 3
Type (Secondary Buyout) 10 of 13
Country (Romania) 4 of 4
Year (2018) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-29 J.S. Hamilton

Gdynia, Poland

J.S. Hamilton is a provider of independent inspection and analytical services. J.S. Hamilton offers a wide range of independent laboratory analysis and inspection services to a variety of industries, primarily FMCG, fuel. J.S. Hamilton provides testing of environmental samples (water, sewages, soil etc.) and environmental documentation. J.S. Hamilton was founded in 1949 and is based in Gdynia, Poland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-09 Polskie Koleje Linowe S.A.

Zakopane, Poland

Polskie Koleje Linowe S.A. is a cable car, funicular, ski lift and ski slope service provider in Poland with presence in six locations in the Polish mountains, including flagship operations at Kasprowy Wierch and Gubalowka in Zakopane. Polskie Koleje Linowe S.A. was founded in 1936 and is based in Zakopane, Poland.

Sell -

Seller(S) 1

SELLER

Abris Capital Partners

Warsaw, Poland

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 1.3B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Abris Capital Partners is a private equity firm focused on opportunities in Central and Eastern Europe. Abris targets situations where it can commit €30 to €75 million. Prospective businesses generally lead their markets, have 'significant' growth potential (organic or through consolidation), strong management, and predictable cash-flows. Abris Capital Partners was established in 2007 and is based in Warsaw.


DEAL STATS #
Overall 9 of 19
Sector (Transportation) 3 of 3
Type (Secondary Buyout) 2 of 4
Country (Romania) 1 of 1
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-13 ITP

Warszawa, Poland

ITP is a provider of an aesthetic medicine, beauty, fitness and wellness products. It owns the Neauvia brand - a new generation of hyaluronic acid dermal fillers and a line of professional cosmeceuticals which are currently sold in more than 45 countries around the world. ITP was founded in 2006 and is based in Warszawa, Poland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-30 Endego

Krakow, Poland

Endego is a provider of engineering services to manufacturers in the automotive, railway and aeronautics segment. The company specializes in CAD / CAE technology and in software advisory. Endego is based in Krakow, Poland.

Buy -