M&A Deal Summary

Umniah Mobile Company PSC Acquires Batelco Jordan

On August 13, 2008, Umniah Mobile Company PSC acquired internet software and services company Batelco Jordan from Foursan Group

Acquisition Highlights
  • This is Umniah Mobile Company PSC’s 1st transaction in the Internet Software and Services sector.
  • This is Umniah Mobile Company PSC’s 1st transaction in Jordan.

M&A Deal Summary
Date 2008-08-13
Target Batelco Jordan
Sector Internet Software and Services
Buyer(s) Umniah Mobile Company PSC
Sellers(s) Foursan Group
Deal Type Add-on Acquisition

Target

Batelco Jordan

Amman, Jordan
website
Batelco Jordan operates as an Internet and telecommunication solutions provider. It offers Internet broadband ADSL services, and Web development and hosting solutions, as well as managed data, added value, registered prepaid international calling, WiFi hotspots, and VSAT services.

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Buyer(S) 1

Buyer

Umniah Mobile Company PSC

Amman, Jordan

website

Category Company
Sector Communications
DESCRIPTION

Umniah Mobile Company PSC is a provider of telecommunication services.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Jordan) 1 of 1
Year (2008) 1 of 1

Seller(S) 1

SELLER

Foursan Group

Amman, Jordan

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

Foursan Group is a private equity firm focused on opportunities in the Middle East. Foursan has launched multiple growth capital funds in partnership with leading regional and global investors to invest across a broad range of industries in the financial services, education, pharmaceutical, healthcare, aviation, and food/beverage sectors.

DEAL STATS #
Overall 3 of 6
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (Jordan) 2 of 5
Year (2008) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-06 Arab Orient Insurance

Amman, Jordan

Arab Orient Insurance Co. is one of the leading insurance companies in the region and its reputation is synonymous with reliability and quality.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-30 Siniora Food

Sahab, Jordan

Siniora Food is a regional producer of cold cuts, luncheon meats, and frozen food products in Jordan, Palestine, Saudi Arabia, and the UAE. Siniora Food was established in 1920 and is headquartered in Sahab, Jordan.

Buy -
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