M&A Deal Summary

The Abraaj Group Acquires Al Borg Laboratory

On May 5, 2008, asset manager The Abraaj Group acquired life science company Al Borg Laboratory

Acquisition Highlights
  • This is The Abraaj Group’s 1st transaction in the Life Science sector.
  • This is The Abraaj Group’s 4th transaction in Egypt.

M&A Deal Summary
Date 2008-05-05
Target Al Borg Laboratory
Sector Life Science
Buyer(s) The Abraaj Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Al Borg Laboratory

Doha, Egypt
Al Borg Laboratory was established in 1991 and is currently the largest private laboratory in the Middle East having served 12 million patients and conducted more than 34 million tests since inception. The Company is involved in a wide range of conventional and specialized tests and is market leader in molecular & genetic diagnosis.

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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 50 of 182
Sector (Life Science) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 45 of 144
Country (Egypt) 4 of 9
Year (2008) 8 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-01 Horizontes Nature Tours

San José, Costa Rica

Horizontes is Costa Rica’s leading ecotour operator. It organizes group and individual packages and uses only suppliers that offer the best quality and share its environmental values. Horizontes has received the Certificado de Sostenibilidad Turística from the Instituto Costarricense de Turismo, making it the first tour operator to be awarded this superior qualification.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-17 National Air Services

Riyadh, Saudi Arabia

National Air Services (NAS), is a regional leader in the aviation industry offering an unmatched portfolio of private and commercial aviation services. NAS holds more licenses and certifications than any other aircraft operator in the entire Middle East, providing opportunities for aircraft fractional ownership and leasing under the NetJets franchise, private and government aircraft management services, charter services, a premium all-business class VIP shuttle (Al Khayala), and its low cost carrier (nas air).

Sell -
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