M&A Deal Summary

Civil Power General Construction Acquires Sphinx Glass

On May 26, 2014, Civil Power General Construction acquired manufacturer Sphinx Glass from Qalaa Holdings S.A.E. for 190M USD

Acquisition Highlights
  • This is Civil Power General Construction’s 1st transaction in the Manufacturing sector.
  • This is Civil Power General Construction’s largest (disclosed) transaction.
  • This is Civil Power General Construction’s 1st transaction in Egypt.

M&A Deal Summary

Date 2014-05-26
Target Sphinx Glass
Sector Manufacturing
Buyer(s) Civil Power General Construction
Sellers(s) Qalaa Holdings S.A.E.
Deal Type Add-on Acquisition
Deal Value 190M USD

Target

Sphinx Glass

Cairo, Egypt
website
Sphinx Glass Ltd is a manufacturer and exporter of glass containers.

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Buyer(S) 1

Buyer

Civil Power General Construction

Abu Dhabi, United Arab Emirates

website


Category Company
Sector Construction
DESCRIPTION

Civil Power General Contracting (CPC) is dedicated to excel in the construction industry by providing a unique service delivering successful projects under tight and extenuating timescales whilst implementing and maintaining the highest standards of safety, quality and environmental practices.


DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Egypt) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Qalaa Holdings S.A.E.

Cairo, Egypt

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2004
PE ASSETS 9.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Citadel Capital is an indepedent private equity firm focused on traditional buyout, consolidation, and turnaround opportunities in the Middle East and North Africa. Citadel prefers investments requiring a minimum equity commitment of $100 million, although the firm will also consider transactions with enterprise values less than $60 million through its subsidiary, Grandview Investments. Sectors of interest include energy, cement, specialty real estate, mining, agribusiness, glass manufacturing, transportation and metallurgy. Citadel generally looks for control positions only when evaluating transactions. Citadel Capital was formed in 2004. The Firm is based in Cairo with additional offices in Algiers and Dubai.


DEAL STATS #
Overall 3 of 4
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Egypt) 3 of 4
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-01 Africa Railways

South Africa

Africa Railways provides rail services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-01 Bonyan

Cairo, Egypt

Bonyan is a specialty real estate developer operating in Egypt and the wider MENA region. In Egypt, Bonyan is building two state-of-the-art commercial real estate projects, namely design, furniture, and home accessories malls under its Designopolis brand. Bonyan is based in Cairo.

Sell -