Investment Intelligence provides up-to-date private equity information and news designed for entrepreneurs, private equity investors and corporate acquirors interested in Central & Eastern Europe.

Abris Capital

Abris Capital to Acquire Masterlease Polska

After more than a year of negotiations and financial hurdles, CEE private equity firm Abris Capital Partners has reached a deal to acquire Masterlease Polska from U.S.-based GMAC. As part of the financing package Abris was able to secure €129.3 million in corporate bonds just recently made available on the Warsaw Stock Exchange under its new Catalyst program. The company was acquired by GMAC in 2001 and made part of their global financing group while the original management team continued to operate the business.

Abris Capital and IDM Team Up to Acquire WestLB Polska

WestLB, the German financial institution owned in a partnership between North Rhine-Westphalia and a group of local banks, has agreed to sell its Polish operations as part of a restructuring effort needed to secure EU financial assistance. Purchasing WestLB Bank Polska will be IDM Brokerage House and Abris Capital Partners via PL Holding Sarl (PHS). The sale price, which is tied to the bank's net book value, is expected to be around PLN 250 million.

Pakko Courting Investment from Poland's Abris Capital

Citing a very heavy debt load in need of servicing, Ukrainian grocery chain Pakko has reached a preliminary agreement to sell a significant stake in the company to Abris Capital Partners of Poland. Though details are unknown, the deal has been estimated to be worth as much as USD 10 million for a 50% share.

Barvinok Added to Abris Capital's Portfolio

Polish investment firm Abris Capital Partners has purchased a controlling stake in Ukrainian supermarket chain Barvinok. Details of the sale, including purchase price and company value have not been disclosed, but experts estimated the value of the deal to be USD 16 to USD 30 million. The sellers, Intermarket Ltd., will remain a minority shareholder in the company and Barvinok will continue operating under the same name.