Add-on Acquisition • Real Estate

DP World Acquires Continental Warehousing

On March 18, 2018, DP World acquired real estate company Continental Warehousing from The Abraaj Group and Warburg Pincus

Acquisition Context
  • This is DP World’s 1st transaction in the Real Estate sector.
  • This is DP World’s 1st transaction in India.

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M&A Deal Summary

Date March 18, 2018
Target Continental Warehousing
Sector Real Estate
Buyer(s) DP World
Sellers(s) The Abraaj Group
Warburg Pincus
Deal Type Add-on Acquisition

Target Company

Continental Warehousing

Navi Mumbai, India
Continental Warehousing is a multi-modal logistics player with a pan-India presence and is one of the leading warehousing and logistics service providers in the private sector in the country today. Continental Warehousing was formed in 1954 and is based in Navi Mumbai, India.
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Buyer Overview 1

Buyer

DP World

Dubai, United Arab Emirates

Category Company
Founded 2005
Sector Transportation
Revenue 7.1B USD (2019)
DESCRIPTION

DP World is a global operator of container and marine terminals with a network of more than 65 terminals spanning six continents. DP World’s comprehensive range of products and services covers every link of the integrated supply chain – from maritime and inland terminals to marine services and industrial parks as well as technology-driven customer solutions. DP World was founded in 2005 and is based in Dubai, United Arab Emirates.


Deal Context for Buyer #
Overall 4 of 10
Sector: Real Estate 1 of 1
Type: Add-on Acquisition 3 of 8
Country: India 1 of 1
Year: 2018 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-18 Cosmos Agencia Maritima S.A.C.

Callao, Peru

Cosmos Agencia Maritima S.A.C. is a logistics service provider. Cosmos offers an integrated platform of solutions in activities related to foreign trade, product storage and distribution, as well as freight services that facilitate development and implementation of industry specific projects. Cosmos Agencia Maritima S.A.C. was founded in 1972 and is based in Callao, Peru.

Buy $316M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-07 Unifeeder A/S

Aarhus, Denmark

Unifeeder A/S is an integrated logistics company with the largest and best connected feeder and growing shortsea network in Northern Europe with connectivity to approximately 100 ports. The company provides efficient and sustainable transport solutions for international container shipping lines between international and regional ports and shortsea services to cargo owners with fully multimodal door-to-door solutions, combining seaborne transportation with road and/or rail. The business is cash generative and operates on a highly flexible cost base.

Buy €660M

Seller Profiles 2

SELLER

The Abraaj Group

Dubai, United Arab Emirates

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 Context for Seller #
Overall 24 of 31
Sector: Real Estate 1 of 1
Type: Add-on Acquisition 11 of 14
Country: India 2 of 3
Year: 2018 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-13 Tunisie Télécom

Tunis, Tunisia

Tunisie Telecom is the incumbent integrated telecom services operator in Tunisia and serves over five million customers. The Company has state-of-the-art infrastructure, operating a national structure of fixed networks and fiber which enables connectivity to Europe, Africa and Asia, as well as providing the most extensive 3G and 4G mobile coverage in the country. The Company holds a strong competitive position, as it is the leading player in fixed voice and fixed broadband in the Tunisian market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-08 Middlesex University Dubai

Dubai, United Arab Emirates

Middlesex University Dubai is one of the region's most dynamic and forward-thinking institutions that offers foundation, undergraduate and postgraduate degree programs in business, law, art, and design, science and technology, health and education, and media. Middlesex University Dubai was founded in 2005 and is based in Dubai, United Arab Emirates.

Sell -
SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


Deal Context for Seller #
Overall 156 of 265
Sector: Real Estate 2 of 5
Type: Add-on Acquisition 57 of 97
Country: India 9 of 23
Year: 2018 1 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-14 Conexiom

Vancouver, British Columbia, Canada

Conexiom is a SaaS platform that automates the conversion of unstructured B2B documents like purchase orders and invoices into 100% accurate, touchless transactions integrated directly with ERP systems. It helps manufacturers and distributors eliminate manual data entry, reduce errors, and accelerate order and invoice processing. Conexiom is based in Vancouver, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-19 Extant Components Group Holdings

Melbourne, Florida, United States

Extant Components Group Holdings, Inc. is an aerospace company specializing in the engineering, manufacturing, supply, repair and overhaul of aftermarket components utilized on military and commercial aircraft. Extant Components was founded in 2010 and is based in Melbourne, Florida.

Sell $525M

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