M&A Deal Summary

Ithmar Capital Acquires Dewan Architects & Engineers

On January 5, 2008, private equity firm Ithmar Capital acquired construction company Dewan Architects & Engineers

Acquisition Highlights
  • This is Ithmar Capital’s 1st transaction in the Construction sector.
  • This is Ithmar Capital’s 2nd transaction in United Arab Emirates.

M&A Deal Summary

Date 2008-01-05
Target Dewan Architects & Engineers
Sector Construction
Buyer(s) Ithmar Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Dewan Architects & Engineers

Abu Dhabi, United Arab Emirates
Dewan Architects & Engineers is a architecture design & supervision firm with operations in UAE, Saudi Arabia, Iraq and Libya.

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Buyer(S) 1

Buyer

Ithmar Capital

Dubai, United Arab Emirates

Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Ithmar Capital is a private equity firm that looks for growth capital and buyout investments throughout the Middle East. Ithmar is a generalist investor and will consider opportunities in distribution, consumer-related franchising and retail, financial services, education, healthcare, media, communications, oil and gas, and water desalination. Ithmar Capital is based in Dubai.


DEAL STATS #
Overall 4 of 5
Sector (Construction) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 4
Country (United Arab Emirates) 2 of 3
Year (2008) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 NEOS GeoSolutions

Houston, Texas, United States

NEOS GeoSolutions, Inc. is a service provider of proprietary technology to identifying natural resource deposits (mainly hydrocarbons).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-14 Al Noor Medical

Abu Dhabi, United Arab Emirates

Al Noor Medical is an integrated healthcare platform with three secondary care hospitals, six clinics, and ten pharmacies. Al Noor Medical was founded in 1985 and is based in Abu Dhabi, United Arab Emirates.

Buy -