Clifford Chance’s Warsaw office has advised the Three Seas Initiative Investment Fund on its acquisition of 100% of the shares in Poland's Industrial Division from Abris Capital Partners. Norton Rose Fulbright reportedly advised the seller on the deal.
Financial details of the transaction were not disclosed.
Industrial Division, which trades under the Cargounit brand, is a Polish privately-held locomotive leasing company, which operates more than 180 electric and diesel traction locomotives, as well as diesel shunting locomotives.
The Three Seas Initiative Investment Fund, established in 2019 in Luxembourg, is an investor in energy, transport, and digital infrastructure industries.
Clifford Chance’s team consisted of Partner Wojciech Polz, Senior Associate Karol Kulhawik, and Associates Aleksandra Wlaszczuk and Arkadiusz Walkowicz.