M&A Deal Summary

The Abraaj Group Acquires Athi River Steel Plant

On September 1, 2006, asset manager The Abraaj Group acquired metals/mining company Athi River Steel Plant

Acquisition Highlights
  • This is The Abraaj Group’s 1st transaction in the Metals/Mining sector.
  • This is The Abraaj Group’s 3rd transaction in Kenya.

M&A Deal Summary
Date 2006-09-01
Target Athi River Steel Plant
Sector Metals/Mining
Buyer(s) The Abraaj Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Athi River Steel Plant

Nairobi, Kenya
Athi River Steel Plant is a producer of a range of hot rolled steel products, including building steel, structural steel, fasteners (bolts and nuts), spring steel and flats. The company uses scrap steel to manufacture its products. The Abraaj Group invested in Athi River Steel to provide finance for the acquisition of a complementary steel products manufacturer and to expand production capacity.

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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 14 of 182
Sector (Metals/Mining) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 11 of 144
Country (Kenya) 3 of 14
Year (2006) 3 of 7
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-01 Hind High Vacuum Company Pvt.

Bangalore, India

Hind High Vacuum is a pioneer in high vacuum technology in India. It supplies a range of systems and turnkey solutions to domestic and international clients, covering a wide scope of sectors including the aeronautics, space, automotive and solar industries. Expertise in vacuum technology has enabled the company to develop thin-film solar equipment. The company also manufactures solar modules through a subsidiary.

Buy -
Mergr

Product

Company

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