Abris Capital Partners to Acquire a Majority Stake in AAA Auto Group for EUR220 Million (CEE and CIS)
Source: AAA Auto Group
Central and Eastern Europe-focused private equity fund manager Abris Capital Partners has agreed to acquire a 95 percent stake in Czech Republic-based used car dealer AAA Auto Group for EUR220 million (approximately US$279 million). The transaction, which has been cleared by the Czech Antimonopoly Office, is subject to the approval of anti-monopoly authorities in Slovakia, Russia and Ukraine. AAA Auto founder Anthony James Denny, who will divest an 81.4 percent stake in the company under the terms of transaction, will remain as a strategic advisor for the company’s senior management.