M&A Deal Summary

The Abraaj Group Acquires Cable Holdings – East African Cables

On November 1, 2005, asset manager The Abraaj Group acquired electrical equipment company Cable Holdings – East African Cables

Acquisition Highlights
  • This is The Abraaj Group’s 1st transaction in the Electrical Equipment sector.
  • This is The Abraaj Group’s 1st transaction in Kenya.

M&A Deal Summary
Date 2005-11-01
Target Cable Holdings – East African Cables
Sector Electrical Equipment
Buyer(s) The Abraaj Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Cable Holdings – East African Cables

Nairobi, Kenya
East African Cables (EAC) is the leading manufacturer of cables in East and Central Africa and is listed on the Nairobi Stock Exchange. EAC’s products include copper electrical cables and conductors for domestic and industrial appliances. The company also manufactures aluminum cables and conductors for use in the distribution and transmission of electricity. The investment by The Abraaj Group was used to finance the acquisition of a controlling stake in a complementary Tanzanian cable business.

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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 10 of 182
Sector (Electrical Equipment) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 8 of 144
Country (Kenya) 1 of 14
Year (2005) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-23 Aramex

Dubai, United Arab Emirates

Aramex is a logistics and courier provider with a network of 132 offices in 34 countries. With its comprehensive multi-product offering, Aramex is a one-stop total transportation solutions company for retail and wholesale customers worldwide. Aramex was founded in 1982 and is based in Dubai, United Arab Emirates.

Sell -
FOLLOWING 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 -
Mergr

Product

Company

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