Dechert has advised Central and Easter Europe-focused private equity firmMid Europa Partners (Mid Europa), a leading private equity investor in Central and Eastern Europe, on the financing relating to the acquisition of Urgent Cargus from Abris Capital Partners.
Urgent Cargus is a leading courier, express and parcel service provider in Romania, offering delivery to over 85,000 customers, including business clients, e-commerce retailers and private individuals. The company operates a dense network of 5 hubs and 71 stations connected by 360 linehaul routes, which enable the company to offer services such as 24-hour delivery across the country.
Kerim Turkmen, Partner of Mid Europa, says: “Dechert provided excellent support in our acquisition of Urgent Cargus. With its high-quality nationwide logistics infrastructure, Urgent Cargus is well-positioned to serve business and retail customers and to facilitate the rapid growth of the domestic e-commerce market propelled by increasing penetration of online shoppers. We are excited to partner with their management team to drive growth organically, through domestic acquisitions, as well as international expansion.”
The Dechert team was led by London-based corporate partner John Markland, with support from associate Jonathan Groves. Dechert also recently advised Mid Europa on its acquisition of software developer Intive from Enterprise Investors. Dechert’s global leveraged finance practice advises banks, debt funds, sponsors and corporates on all aspects of leveraged finance transactions. The team operates across all elements of the capital structure and advises on investing through different cycles of the market.
