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M&A Deal Summary

The Abraaj Group Acquires Adalta Costa Rica

On March 1, 2010, asset manager The Abraaj Group acquired chemicals company Adalta Costa Rica

Acquisition Highlights
  • This is The Abraaj Group’s 2nd transaction in the Chemicals sector.
  • This is The Abraaj Group’s 3rd transaction in Costa Rica.

M&A Deal Summary
Date 2010-03-01
Target Adalta Costa Rica
Sector Chemicals
Buyer(s) The Abraaj Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Adalta Costa Rica

Costa Rica
Adalta is a spin-off of the commercial division of Grupo Cek, a group that produces and markets industrial and commercial chemicals. The commercial division markets insecticides, household cleaning products and car cleaning products under the Cruz Verde, Limpex and F40 brands, respectively. Grupo Cek continues to manufacture the products that Adalta sells. As part of the deal, Barboza & Compañía also introduced its line of household cleaning products into Adalta; these products complement the Limpex line of products acquired from Grupo Cek.

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Buyer(S) 1

Buyer

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 86 of 182
Sector: Chemicals M&A 2 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 78 of 144
Country: Costa Rica M&A 3 of 4
Year: 2010 M&A 2 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 D1

Tocancipá, Colombia

D1 operates a Hard Discount Chain D1 in different regions of the country. D1 was formed in 2009 and is based in Tocancipá, Colombia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-01 K.K. Kingston

Papua New Guinea

KK Kingston is one of the largest manufacturing businesses in Papua New Guinea. The company is well positioned in the market, boasting established brand names, a diverse product mix and strong relationships with both suppliers and customers. Output includes industrial, chemical, retail, rotomolding, plastic and paper products. The company plans to broaden its range of goods and improve manufacturing and process efficiencies with the assistance of The Abraaj Group and the International Finance Corporation.

Buy -
Mergr

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