M&A Deal Summary

The Abraaj Group Acquires Acurio Restaurantes

On June 1, 2012, asset manager The Abraaj Group acquired leisure company Acurio Restaurantes

Acquisition Highlights
  • This is The Abraaj Group’s 6th transaction in the Leisure sector.
  • This is The Abraaj Group’s 3rd transaction in Peru.

M&A Deal Summary
Date 2012-06-01
Target Acurio Restaurantes
Sector Leisure
Buyer(s) The Abraaj Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Acurio Restaurantes

Peru
Cinco Millas Group is a leading Peruvian restaurant operator within the gastronomy sector. Since forming in 1994, the company has successfully launched casual and fine-casual restaurant concepts to serve specific market niches, and each brand has its own identity. It is the only Peruvian restaurant operator serving national cuisine with an organization capable of operating internationally through multi-brand concepts. The company operates 32 restaurants around the world, either directly or indirectly.

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Buyer(S) 1

Buyer

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 133 of 182
Sector (Leisure) 6 of 6
Type (Buyout (LBO, MBO, MBI)) 121 of 144
Country (Peru) 3 of 3
Year (2012) 12 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-01 Biasa Clinic

Togo

The clinic has a staff of more than 40 healthcare professionals and provides over 15 general and specialist services, including gynecology, pediatrics, neurology, echography and diagnostic services. The Abraaj Group’s investment is intended to modernize and broaden the clinic’s services and facilities. Improvements include increasing the number of beds from 24 to 80, adding the country’s first private intensive care unit and introducing a new ultrasound-based cancer treatment.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-27 Saham Finances S.A.

Casablanca, Morocco

SAHAM Finances is an insurance group with operations in 26 countries across North, West and East Africa, and the Middle East. It predominantly writes personal lines general insurance business (exceeding 80% of its portfolio), but is in the process of diversifying this. SAHAM Finances has approximately 61 subsidiaries, a network of 700 branches and a staff complement of more than 3,000 people. SAHAM Finances has a leading market share in many of the markets in which it operates.

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