Advent International Corporation
Script error: No such module "Draft topics".
Script error: No such module "AfC topic".
 | |
| Private | |
| ISIN | 🆔 |
| Industry | Private Equity |
| Founded 📆 | 2006 |
| Founder 👔 | |
| Headquarters 🏙️ | Warsaw, Poland |
Area served 🗺️ | |
| Products 📟 | Private equity funds, buyouts |
| 💎 AUM | €1.3 billion (2024)[1] |
| Members | |
Number of employees | |
| 🌐 Website | abris-capital |
| 📇 Address | |
| 📞 telephone | |
Abris Capital Partners is an independent private equity and investment advisory firm targeting opportunities in Central and Eastern Europe (CEE). The firm has approximately €1.3 billion of assets under management and operates from offices in Warsaw, Poland, and Bucharest, Romania.[2] Abris has been a certified B Corporation (certification) since 2023.</ref>"New Private Markets, 15 May 2023, Abris attains B Corporation Status". 15 May 2023.</ref>
History[edit]
Abris was founded in 2006 to invest in the fast-growing mid-market segment once addressed by Advent International. George Swirski, previously a partner at Advent, joined forces with Neil Milne, the founder of Copernicus Capital Partners, a CEE focused private equity affiliate of Advent, to raise €320 million for its first institutional fund. This closed in 2007 with the Harvard University endowment as the cornerstone investor.
The second Abris fund was raised in 2012 with investment commitments totalling €450m. The ownership of the firm was widened to include Pawel Gierynski, who became Managing Partner in 2018, and Steve Richmond, now the CFO. In 2017, Abris raised a third fund with investment commitments totalling €502 million.[3]
Abris’ investors include a wide range of institutional investors from Europe, the United States, Australia and the Middle East. These include corporate and public pension plans, Financial institutions, Fund of funds and university endowments.
Strategy[edit]
Abris targets mid-market investment opportunities within CEE, helping entrepreneurs and management teams grow their businesses into regional and international champions. The firm invests in five strategic areas: Health care, Circular economy, specialty Manufacturing, Logistics and Technology.
Particular focus is on increasing the scale and geographic reach of portfolio companies both through organic growth and strategic acquisitions. Abris seeks to increase the value of portfolio investment assets through the systematic implementation of policies to raise the quality of business operations, including the best Environmental, social, and governance (ESG) practices. To this end, Abris has dedicated specific resources and developed specialist tools to facilitate companies in these areas.
Underlining its commitment to environmental targets, Abris was certified as a B Corp in May 2023, becoming the first private equity firm in Central Europe to achieve this accreditation.[4]
Notable investments[edit]
Abris has a long-term investment horizon and targets transactions in which it is able to acquire a majority or sole ownership position. Notable investments include:
- Masterlease: buyout of a vehicle leasing business from GMAC; exit via an Initial public offering on the Warsaw Stock Exchange[5]
- Alumetal: MBO and expansion of an aluminium processing business; exit via an IPO on the Warsaw Stock Exchange[6]
- VelvetCARE: Creation of Poland’s largest branded tissue manufacturer which, under Abris' ownership, increased sales by over 250% and EBITDA by over 500%; the business was sold to Partners Group in 2023.[7]
- ScanMed: Buy-and-build acquisition strategy to create a leading Polish medical group[8]
Awards[edit]
Abris was a finalist in PEI’s Awards 2021 ‘Firm of the Year in CEE’[9] and has received multiple awards in recognition of its commitment to improving portfolio ESG standards, including:
- In 2017, Abris received the Private Equity Exchange & Awards Best Central and Eastern European Private Equity Fund award[10]
- In 2021, Abris received UN PRI’s Emerging Markets ‘Initiative of the Year Award’ for its ‘Agile & Comprehensive ESG management system’ project[11][12]
- In 2021, the Polish Private Equity and Venture Capital Association (PSIK) named Abris’ “ESG Universe 2023” as its ‘ESG Initiative of the Year’[13]
- In 2022, Abris was named the Winner in the “Best ESG Investment Fund: Private Equity” category at the ESG Investing Awards.[14]
References[edit]
- ↑ Cite error: Invalid
<ref>tag; no text was provided for refs namedwsj-maxar - ↑ "Abris Capital Partners, Who We Are".
- ↑ "Abris Capital Partners, Who We Are".
- ↑ "B Corporation, Abris-CEE Holdings Limited".
- ↑ "Bloomberg, 16 April 2014, Prime Car Drops on Warsaw Trading Debut After $69 Million IPO". Bloomberg. 16 April 2014.
- ↑ "Bloomberg, 17 July 2014, Alumetal Declines in Warsaw Debut After $96 Million IPO". Bloomberg. 17 July 2014.
- ↑ "Business Insider, 11 December 2023, Partners Group to acquire Velvet CARE, one of the leading European manufacturers of hygiene paper products". 19 March 2024.
- ↑ "Reuters, 17 November 2023, Abris mulls sale of Polish healthcare company Scanmed -sources". Reuters.
- ↑ "Private Equity International, 1 March 2022, PEI Awards 2021 EMEA Winners". March 2022.
- ↑ "Private Equity Exchange & Awards".
- ↑ "Private Equity Wire, 28 June 2021, Abris Capital sets out new approach for delivering sustainable returns".
- ↑ "UN Principles of Responsible Investment, 1 November 2020, Agile & comprehensive ESG management system".
- ↑ "Private Equity Wire, 28 June 2021, Abris Capital sets out new approach for delivering sustainable returns".
- ↑ "ESG Investing, ESG Investing Awards Winners & Finalists 2022". 18 December 2019.
This article "Abris Capital Partners" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Abris Capital Partners. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
