M&A Deal Summary

Dussur, Aramco and Hyundai Heavy Industries - Hotel Hyundai Acquire Makeen

On July 5, 2019, private equity firm Dussur, Aramco and Hyundai Heavy Industries - Hotel Hyundai acquired manufacturer Makeen

Acquisition Highlights
  • This is Dussur’s 2nd, Aramco’s 1st and Hyundai Heavy Industries - Hotel Hyundai’s 1st transaction in the Manufacturing sector.
  • This is Dussur’s 2nd, Aramco’s 1st and Hyundai Heavy Industries - Hotel Hyundai’s 1st transaction in Saudi Arabia.

M&A Deal Summary

Date 2019-07-05
Target Makeen
Sector Manufacturing
Buyer(s) Dussur
Aramco
Hyundai Heavy Industries - Hotel Hyundai
Deal Type Joint Venture

Target

Makeen

Dhahran, Saudi Arabia
Makeen manufactures 2-stroke and 4-stroke marine and electric power plant (EPP) engines, as well as marine pumps that power vessels, auxiliary equipment, generators, and propulsion systems. Makeen was founded in 2019 and is based in Dhahran, Saudi Arabia.

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Buyer(S) 3

Buyer
DESCRIPTION

Dussur is a private equity firm focused on investments in Saudi Arabia through joint venture partnerships. The Firm generally seeks to invest in strategic industrial companies with a focus on the metals and specialty chemicals sectors. Dussur is headquartered in Riyadh, Saudi Arabia.


DEAL STATS #
Overall 2 of 9
Sector: Manufacturing M&A 2 of 5
Type: Joint Venture M&A Deals 2 of 7
Country: Saudi Arabia M&A 2 of 7
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-24 Gesat

Dammam, Saudi Arabia

Gesat manufactures heavy duty gas turbines, accessory module skids, and components. Gesat was founded in 2017 and is based in Dammam, Saudi Arabia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-11 Tuwaiq Casting & Forging

Jubail, Saudi Arabia

Tuwaiq Casting & Forging produces castings and forgings that go into the pumps and valves of petrochemical plants and those used on equipment for shipbuilding and offshore plants. Tuwaiq Casting & Forging was founded in 2020 and is based in Jubail, Saudi Arabia.

Buy -
Buyer

Aramco

Dhahran, Saudi Arabia

Category Company
Founded 1933
Sector Oil/Gas Exploration
Employees54,041
DESCRIPTION
Aramco office in downtown Houston, Texas.
Aramco office in downtown Houston, Texas.

Aramco operates as an integrated energy and chemical company in Saudi Arabia and internationally. Aramco was founded in 1933 and is headquartered in Dhahran, Saudi Arabia.


DEAL STATS #
Overall 1 of 8
Sector: Manufacturing M&A 1 of 2
Type: Joint Venture M&A Deals 1 of 3
Country: Saudi Arabia M&A 1 of 2
Year: 2019 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-11 Tuwaiq Casting & Forging

Jubail, Saudi Arabia

Tuwaiq Casting & Forging produces castings and forgings that go into the pumps and valves of petrochemical plants and those used on equipment for shipbuilding and offshore plants. Tuwaiq Casting & Forging was founded in 2020 and is based in Jubail, Saudi Arabia.

Buy -
Buyer

Hyundai Heavy Industries - Hotel Hyundai

South Korea

Category Company
Sector Leisure
DESCRIPTION

Hyundai Heavy Industrie's Hotel Hyundai Owns and/or manages four 5-star hotels in Gyeongju, Ulsan, Mokpo, and Gangneung. Hyundai Heavy Industrie's Hotel Hyundai is based in South Korea.


DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
Country: Saudi Arabia M&A 1 of 1
Year: 2019 M&A 1 of 1