M&A Deal Summary

The Abraaj Group Acquires Brookside Dairy

On February 1, 2009, asset manager The Abraaj Group acquired food company Brookside Dairy

Acquisition Highlights
  • This is The Abraaj Group’s 3rd transaction in the Food sector.
  • This is The Abraaj Group’s 7th transaction in Kenya.

M&A Deal Summary
Date 2009-02-01
Target Brookside Dairy
Sector Food
Buyer(s) The Abraaj Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Brookside Dairy

Ruiru, Kenya
Brookside is the leading dairy in East Africa. The company currently has operations in Kenya, Uganda and Tanzania. It also exports products to Rwanda, Burundi, Egypt and the Middle East, as well as to the Indian Ocean islands. The Abraaj Group invested as a part of a merger and acquisition of a complementary dairy business. The combined company is now the biggest processor of milk in the region.

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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 67 of 182
Sector (Food) 3 of 11
Type (Buyout (LBO, MBO, MBI)) 62 of 144
Country (Kenya) 7 of 14
Year (2009) 3 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-01 redIT

Polanco, Mexico

redIT supports the global IT community with managed IT services, high-capacity connectivity, and data centers in the southwestern U.S. redIT enables its clients to focus resources on what drives their competitive advantage not the distractions of owning and managing IT. redIT is based in Polanco, Mexico.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-01 MediaQuest

Dubai, United Arab Emirates

MediaQuest Corp. is a leading media house involved predominantly in the magazine publishing business. It has 4 business divisions, publishing, media representation, conference services, and online media. All business divisions are based out of Dubai and also represented through offices in Saudi Arabia, Tunisia and Algeria.

Buy -
Mergr

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