Abris CEE Mid-Market Fund III LP, managed by Abris Capital Partners, signed a preliminary conditional agreement to acquire 51% stake of CADM Automotive Sp. z o.o. from Groclin S.A. (WSE:GCN) for PLN 42.5 million on October 30, 2018. Abris CEE Mid-Market Fund III LP waived its right to buy remaining 49% stake in CADM Automotive Sp. z o.o. Transaction is planned to be finalized on December 30, 2018. Santander Bank Polska S.A. acted as financial advisor to Groclin S.A. Norton Rose Fulbright LLP acted as legal advisor to Abris Capital Partners.