M&A Deal Summary

OCI Acquires Orascom Construction Industries SAE

On July 29, 2013, OCI acquired construction company Orascom Construction Industries SAE from The Abraaj Group

Acquisition Highlights
  • This is OCI’s 1st transaction in the Construction sector.
  • This is OCI’s 1st transaction in Egypt.

M&A Deal Summary

Date 2013-07-29
Target Orascom Construction Industries SAE
Sector Construction
Buyer(s) OCI
Sellers(s) The Abraaj Group
Deal Type Add-on Acquisition

Target

Orascom Construction Industries SAE

Cairo, Egypt
website
Orascom Construction Industries (OCI) is an engineering, procurement and construction contractor. It is also a leading incubator and execution vehicle for industrial and infrastructure investments in the region.

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Buyer(S) 1

Buyer

OCI

Amsterdam, Netherlands

website


Category Company
Founded 2013
Sector Chemicals
Employees3,850
Revenue 6.3B USD (2021)
DESCRIPTION

OCI is a global producer of natural gas-based fertilizers and industrial chemicals based in the Netherlands. OCI N.V. produces nitrogen fertilizers, methanol and other natural gas based chemical products, serving agricultural and industrial customers around the world. OCI was founded in 2013 and is based in Amsterdam, the Netherlands.


DEAL STATS #
Overall 1 of 2
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (Egypt) 1 of 1
Year (2013) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-11 Biomethanol Chemie Nederland B.V.

Farmsum, Netherlands

BioMCN is a producer and sells bio-methanol. Bio-methanol used as a chemical building block for a range of future-oriented products, including bio-MTBE, bio-DME, bio-hydrogen and synthetic biofuels (synthetic hydrocarbons).

Buy €15M

Seller(S) 1

SELLER

The Abraaj Group

Dubai, United Arab Emirates

website


Category Asset Manager
Founded 2002
PE ASSETS 7.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Abraaj Capital Limited is a private equity firm that seeks investments in the Middle East, North Africa, and South Asia. Abraaj looks for stable, mature businesses and uses a 'buy and build' strategy for growth. Areas of interest include aerospace, healthcare, transportation, financial services, leisure, education, energy, and manufacturing. In addition to its buyout and growth capital investments, Abraaj also invests in real estate and infrastructure. Abraaj Capital was formed in 2002 and is based in Dubai.


DEAL STATS #
Overall 8 of 28
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 3 of 12
Country (Egypt) 2 of 4
Year (2013) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-16 Plastic Electromechanic Company

Zaghouan, Tunisia

Established in 2004 as a plastic injection company, PEC has grown to become an industrial group which has expanded its client base, products, industry and country exposure. It now serves top tier clients in sectors including the automotive, electrical and healthcare industries in Europe and the US.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-31 HFC Bank Ghana

Cantonments, Accra, Ghana

HFC Bank began in 1991 as Home Finance Company, Ghana’s first mortgage financing institution. In 2003, it obtained a universal banking license, leveraging success in the mortgage industry into investment banking, real estate development and management, brokerage services and microfinance. The Abraaj Group’s investment in HFC, which has been listed on the Ghana Stock Exchange since 1995, is helping to bolster the bank’s capital base and fund HFC’s branch and service expansion plan.

Sell -