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M&A Deal Summary

The Abraaj Group Acquires Asia Electric

On February 1, 2012, asset manager The Abraaj Group acquired energy services and equipment company Asia Electric

Acquisition Highlights
  • This is The Abraaj Group’s 4th transaction in the Energy Services and Equipment sector.
  • This is The Abraaj Group’s 3rd transaction in Kazakhstan.

M&A Deal Summary
Date 2012-02-01
Target Asia Electric
Sector Energy Services and Equipment
Buyer(s) The Abraaj Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Asia Electric

Taldykorgan, Kazakhstan
Asia Electric was incorporated in 1991 in Talgy-Korgan. It is the second-largest domestic manufacturer of insulated electric/power cables (low and high voltage), conductors, meters and other electric devices. It produces 6,500 types of electric/power cables and conductors with various technical characteristics, including differing insulation and diameters, and 38 types of electric meters and other devices.

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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 124 of 182
Sector: Energy Services and Equipment M&A 4 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 113 of 144
Country: Kazakhstan M&A 3 of 3
Year: 2012 M&A 3 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 Thimar

Palestine,

Founded in 2008, Thimar has grown to become the largest exporter of high-quality fresh herbs in Palestine. Today, the company is the largest fully integrated fresh produce farm in the Palestinian market exporting fresh herbs to the US and Europe.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-28 Viking International

Istanbul, Turkey

Viking is a fully integrated oilfield service company committed to providing services to the oil and gas industry with the goal of exceeding the exploration needs of operators. Viking currently maintains operations within the regions of Turkey, Bulgaria, and Romania, with expansion plans into geographically strategic underserviced emerging markets. Services are available in a variety of forms, ranging from single service jobs to total project management in which contracts can be tailored from day-rate to complete turnkey contracts.

Buy -
Mergr

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