Amber Infrastructure鈥檚 Three Seas Initiative Investment Fund (3SIIF), a Central and Eastern Europe focused infrastructure fund, has acquired locomotive lessor Cargounit as its first investment.
Amber said 3SIIF has agreed to buy 100% of the equity of Industrial Division, trading as Cargounit. Financial details were undisclosed
Abris Capital Partners via its Abris CEE Mid-Market II fund acquired a majority stake in Cargounit in May 2016.
Cargounit is the largest independent locomotive lessor in Poland and is the sixth-largest rolling stock company in Europe.
Joe Philipsz, senior investment director at Amber Infrastructure, said: 鈥淐argounit鈥檚 existing asset base and customer relationships offer a strong platform for expansion both in Poland and surrounding countries.
鈥淚ncreasing the interconnectivity of the Three Seas countries, reducing transportation costs and enhancing the infrastructure are all core objectives of the Fund.鈥�
Edgar Kole艣nik, partner at Abris Capital Partners, said: 鈥淲e are delighted with how Cargounit has grown, and especially how resilient this business has been this year. We are extremely proud to have created the largest independent locomotive lessor in Poland in strong cooperation with the founders and management team.
鈥淲e are pleased that the company can now go forward to the next stage in its growth with Three Seas Initiative Investment Fund.鈥�
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