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New Deal


Announced

Completed

Mid Europa Partners acquired Urgent Cargus from Abris Partners.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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courier company

Delivery Services

Romania

Private

Disposal

Completed

Private Equity

Synopsis

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Abris Capital Partners sold 100% of its shares in its Romanian portfolio company, Urgent Cargus, a leading courier, express and parcel service provider in Romania, to Mid Europa Partners. Financial terms were not disclosed. Gian Sharp, CEO of Urgent Cargus, commented: "Having witnessed the business increase its revenues more than fivefold to become a leader in domestic last mile delivery, I look forward to supporting the new owners in the Company's next phase of development. Urgent Cargus and its management will particularly benefit from Mid Europa's resources and e-commerce experience as the Company continues to grow and introduce high-quality services to the Romanian market."

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