Abris Capital Partners to Acquire Urgent Curier, Plans to Merge Urgent Curier with Cargus (CEE and CIS)

Source: Urgent Curier, CEP-Research

Central and Eastern Europe-focused private equity fund manager Abris Capital Partners has agreed to buy Romania-based courier service provider Urgent Curier. Abris plans to merge the company with its existing portfolio company Cargus International, a Romania-based domestic parcel shipping company, which it had acquired in October 2012. Post-merger, the new company will have a fleet of more than 1,800 courier vehicles and a network of 142 stores across Romania. Financial details of the transaction were not disclosed.