Abris buys AAA Auto

Polish private equity fund Abris Capital Partners has agreed to take over 80 percent in used car dealership AAA Auto, the fund said in a statement quoted by ISBnews. The remaining 20 percent will remain in the hands of Anthony Denny, the founder of AAA Auto. “The investment horizon is three-four years,” said Wojciech Łukawski, partner at Abris. “We are convinced that the company will develop dynamically in this period.” It may return to the Polish and Romanian markets/ Currently AAA Auto employs some 2,000 people in four countries – the Czech Republic, Slovakia, Russia and Hungary.