M&A Deal Summary

The Abraaj Group Acquires Avenue Group

On September 1, 2011, asset manager The Abraaj Group acquired healthcare services company Avenue Group

Acquisition Highlights
  • This is The Abraaj Group’s 12th transaction in the Healthcare Services sector.
  • This is The Abraaj Group’s 12th transaction in Kenya.

M&A Deal Summary

Date 2011-09-01
Target Avenue Group
Sector Healthcare Services
Buyer(s) The Abraaj Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Avenue Group

Nairobi, Kenya
Avenue Group is a diverse health services and managed-healthcare provider. It is dedicated to offering general and specialist inpatient and outpatient care and advice to individuals and corporations in Kenya. Avenue operates a 70-bed hospital, and runs a network of eight outpatient clinics and four in-house clinics across the country. The Group also provides home-based nursing care.

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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 116 of 182
Sector: Healthcare Services M&A 12 of 24
Type: Buyout (LBO, MBO, MBI) M&A Deals 106 of 144
Country: Kenya M&A 12 of 14
Year: 2011 M&A 15 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-01 Yongjia Biology

China

Yongjia Biology has two subsidiaries, Weifang Yuntao Organic Fertilizer and Weifang Yongjia Feed. Yuntao Fertilizer is one of the top three producers involved in making high-quality organic fertilizer in Shandong. The main product of Yongjia Feed is bonemeal, which is made from livestock bones and used as an additive to improve livestock growth.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-07 Handell S.A.P.I. de C.V.

San Miguel Chapultepec, C.P., Mexico

Handell specializes in the importing and distribution of some of the world’s leading toy brands in Mexico. The company has exclusivity contracts with top toy firms that have popular brands. Handell reaches more than 2,000 points of sale through several channels, from big retailers to small convenience stores.

Buy -