M&A Deal Summary

The Abraaj Group Acquires ART Marine

On March 16, 2006, asset manager The Abraaj Group acquired marine company ART Marine

Acquisition Highlights
  • This is The Abraaj Group’s 1st transaction in the Marine sector.
  • This is The Abraaj Group’s 3rd transaction in United Arab Emirates.

M&A Deal Summary
Date 2006-03-16
Target ART Marine
Sector Marine
Buyer(s) The Abraaj Group
Deal Type Buyout (LBO, MBO, MBI)

Target

ART Marine

Dubai, United Arab Emirates
ART Marine is the exclusive agent in the Middle East for several leading luxury boat and yacht brands such as Azimut, Benetti, Atlantis, Riviera, Four Winns, Grady-White and MCM. It also provides comprehensive after-sales, yacht charter and marina-management services. ART Marine has been recognized through prestigious industry awards including: Arabian Gulf Yachting Awards 2010, Middle East Best Customer Service, Best Yacht Under 40 Feet, Best Marina Operator, Best Marketing Campaign and Best Broker. It was also Middle East Best Charter Company 2008, and won the Azimut-Benetti Award for Best Azimut Dealer Worldwide in 2006, 2007 and 2008.

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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 12 of 182
Sector (Marine) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 9 of 144
Country (United Arab Emirates) 3 of 11
Year (2006) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-01 Auro Mira Energy

Chennai, India

Auro Mira Energy is a provider of power generation that specializes in producing power from renewable energy sources such as biomass, small hydro, solar, and wind.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-01 Porini Holdings

Nairobi, Kenya

Porini is a tour operator and destination provider based in Nairobi, Kenya. The company runs packages focused on the high-end camping safari market. Porini also operates upmarket tented camps in exclusive conservancies within key national parks, which offer customers a unique sustainable tourism experience.

Buy -
Mergr

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