M&A Deal Summary

Tamm Investments Acquires Kudu

On March 17, 2022, Tamm Investments acquired restaurant Kudu from TPG and The Abraaj Group

Acquisition Highlights
  • This is Tamm Investments’ 1st transaction in the Restaurants sector.
  • This is Tamm Investments’ 1st transaction in Saudi Arabia.

M&A Deal Summary

Date 2022-03-17
Target Kudu
Sector Restaurants
Buyer(s) Tamm Investments
Sellers(s) TPG
The Abraaj Group
Deal Type Add-on Acquisition

Target

Kudu

Riyadh, Saudi Arabia
Kudu is one of Saudi Arabia’s major domestic Quick Service Restaurant (QSR) chains, operating over 280 restaurants across a portfolio of brands. Kudu was founded in 1988 and is based in Riyadh, Saudi Arabia.

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Buyer(S) 1

Buyer

Tamm Investments

United Arab Emirates

Category Company
Sector Financial Services
DESCRIPTION

Tamm Investments is a privately owned investment group with a regional mandate and a well diversified portfolio of holdings across the Gulf Cooperation Council and the Middle East.


DEAL STATS #
Overall 1 of 1
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Saudi Arabia) 1 of 1
Year (2022) 1 of 1

Seller(S) 2

SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 248 of 267
Sector (Restaurants) 6 of 6
Type (Add-on Acquisition) 86 of 94
Country (Saudi Arabia) 1 of 1
Year (2022) 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-09 Rockall Energy

Dallas, Texas, United States

Rockall Energy is a privately held US-focused company focused on developing a profitable carbon storage business through the utilization of existing oil and gas assets to incubate the portfolio. Rockall Energy is based in Dallas, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-13 Salsify

Boston, Massachusetts, United States

Salsify is a product experience management (PXM) platform that lets brands deliver compelling shopping experiences across every digital touchpoint. Salsify was founded in 2012 and is based in Boston, Massachusetts.

Buy -
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 STATS #
Overall 30 of 30
Sector (Restaurants) 2 of 2
Type (Add-on Acquisition) 14 of 14
Country (Saudi Arabia) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Mouka

Lagos, Nigeria

Mouka is a manufacturer of foam and spring mattresses, polyurethane blocks, pillows and sheetings used to make furniture. Mouka was formed in 1959 and is based in Lagos, Nigeria.

Sell $60M