M&A Deal Summary

The Abraaj Group Acquires Chemica

On October 15, 2008, asset manager The Abraaj Group acquired agriculture company Chemica

Acquisition Highlights
  • This is The Abraaj Group’s 1st transaction in the Agriculture sector.
  • This is The Abraaj Group’s 1st transaction in Papua New Guinea.

M&A Deal Summary

Date 2008-10-15
Target Chemica
Sector Agriculture
Buyer(s) The Abraaj Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Chemica

East Asia, Papua New Guinea
Chemica is a leading wholesaler and retailer of agrochemicals, stock feed, agriculture-related implements and products, and general merchandise in Papua New Guinea. The company is the major supplier of agrochemicals to large plantation corporate houses and the agricultural sector in general.

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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 60 of 182
Sector: Agriculture M&A 1 of 6
Type: Buyout (LBO, MBO, MBI) M&A Deals 55 of 144
Country: Papua New Guinea M&A 1 of 3
Year: 2008 M&A 18 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-01 Emteyco SARL

Casablanca, Morocco

Established in 1999, Emteyco is an electrical engineering group that operates in the following areas: Low and medium-voltage electrification, production of electrical towers in metal and concrete, production of metal parts for construction, turnkey projects for construction of industrial facilities, including metal structures and electrification.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-01 Oksa Maroc

Casablanca, Morocco

Oksa SA is an electrical services company operating in three main areas: Improvement of the performance of electrical networks through the detection of fraud and technical problems, preventive maintenance of electrical transformers through chemical analysis and diagnosis of electrical networks through infrared cameras.

Buy -