M&A Deal Summary

Investcorp Acquires NDT Corrosion

On August 14, 2015, asset manager Investcorp acquired business services company NDT Corrosion from Al Shuwayer Group

Acquisition Highlights
  • This is Investcorp’s 9th transaction in the Business Services sector.
  • This is Investcorp’s 5th transaction in Saudi Arabia.

M&A Deal Summary

Date 2015-08-14
Target NDT Corrosion
Sector Business Services
Buyer(s) Investcorp
Sellers(s) Al Shuwayer Group
Deal Type Divestiture

Target

NDT Corrosion

Dammam, Saudi Arabia
NDT Corrosion provides non-destructive testing (“NDT”) services for a range of industrial sectors including oil and gas, petrochemicals, mining, nuclear and utilities. NDT Corrosion was founded in 1975 and is based in Dammam, Saudi Arabia.

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Buyer(S) 1

Buyer

Investcorp

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1982
PE ASSETS 53.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp is a global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.


DEAL STATS #
Overall 117 of 176
Sector (Business Services) 9 of 15
Type (Divestiture) 11 of 16
Country (Saudi Arabia) 5 of 6
Year (2015) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-03 Atrenta

San Jose, California, United States

Atrenta, Inc. is a provider of Electronic Design Automation (EDA) software, supplying software tools used by the semiconductor industry for the verification of the design of integrated circuits. Atrenta offers a predictive approach to chip design by delivering automated analysis and verification solutions that find complex design problems and address downstream implementation and verification issues early in the design cycle.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-01 Arrowhead Engineered Products

Blaine, Minnesota, United States

Arrowhead Engineered Products is a specialty supplier and distributor of aftermarket replacement parts for a wide variety of equipment types across the outdoor power equipment, Powersports, agricultural, industrial and automotive industries. Arrowhead Engineered Products was founded in 1986 and is based in Blaine, Minnesota.

Buy -

Seller(S) 1

SELLER

Al Shuwayer Group

Dammam, Saudi Arabia

Category Company
Sector Construction
DESCRIPTION

Al Shuwayer Group is one of the pioneers in the construction contracting industry in the Eastern Province of Saudi Arabia.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Saudi Arabia) 1 of 1
Year (2015) 1 of 1