Investment fund "Abris Capital Partners", which entered the Romanian market by acquiring courier company "Cargus" from DHL, is considering investments of at least 20 million Euros in majority stakes in Romanian companies, but it does not rule out deals of up to 100 million Euros, according to Cezar Scarlat, Managing Director at "Abris România".
Along with "Abris", another investor in "Cargus" is Gian Sharp, the managing director of the local courier company, who will remain the designated CEO of "Cargus".
Cezar Scarlat and Gian Sharp have faith in the development of "Cargus" and are planning to leave the competition in the dust and to amaze their clients. In an interview, the two of them talked to us about the plans to expand "Cargus", as well as about the activity of "Abris" in Romania.
The fund has 450 million Euros available to invest in Poland, Romania and Ukraine, in that order, according to Cezar Scarlat.
DHL, the largest courier and logistics company in the world, has reached an agreement to sell its domestic courier operations in Romania, operating under the "Cargus" brand, to "Abris Capital Partners", an investment fund which focuses on Central and Eastern Europe.
The two companies have signed an agreement to sell the shares on October 18th, 2012, and are looking to complete the deal by the end of the year or in Q1 2013, subject to receiving the approval of the Competition Council in Romania.
"Abris Capital" is on its fourth investment in this sector, after those it made in three other countries such as Croatia, Serbia and Poland.
Reporter: When was the opportunity of the investment in "Cargus" discovered?
Cezar Scarlat: I joined "Abris Capital Partners" in May, comning from "Bridgepoint Capital" where I was in charge of Romania and therefore was very familiar with this market. Most of the investment opp