M&A Deal Summary

The Abraaj Group Acquires Crossland Logistics Co.

On April 1, 2012, asset manager The Abraaj Group acquired transportation company Crossland Logistics Co.

Acquisition Highlights
  • This is The Abraaj Group’s 4th transaction in the Transportation sector.
  • This is The Abraaj Group’s 5th transaction in Thailand.

M&A Deal Summary

Date 2012-04-01
Target Crossland Logistics Co.
Sector Transportation
Buyer(s) The Abraaj Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Crossland Logistics Co.

Bangkok, Thailand
Crossland is a leading cross-border trucking operator in Thailand. The company’s alliance network provides integrated door-to-door logistics solutions from Singapore and Malaysia to Laos, Vietnam up to southern China. Crossland operates more than 75 trucks and has over 150 employees. Customers include leading multinational companies such as Seagate, Hitachi, Colgate and Meiji.

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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 130 of 182
Sector: Transportation M&A 4 of 8
Type: Buyout (LBO, MBO, MBI) M&A Deals 118 of 144
Country: Thailand M&A 5 of 6
Year: 2012 M&A 9 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-01 The Bridge Clinic & PathCare

South Africa

Therapia Health Limited is an offshore special purpose vehicle (SPV) used to invest in the Bridge Clinic and PathCare Nigeria. The Bridge Clinic (TBC) is the leading provider of specialized assisted reproductive treatment in Nigeria. The Clinic was incorporated in 1996 and commenced full clinical operations in 1999 in Lagos. PathCare Nigeria was established in 2004 in conjunction with the PathCare Group of South Africa. PathCare Nigeria laboratory offers a wide range of medical tests—blood screening, allergy, immunology and genetic tests such as paternity testing—including a number that were previously unavailable in Nigeria.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-10 Kuwait Energy

Salmiya, Kuwait

Kuwait Energy is an independent oil and gas exploration and production company operating primarily in the MENA and CIS regions. Headquartered in Kuwait, the company has producing assets in Egypt, Yemen, Oman, Ukraine and Russia with exploration/development assets in Egypt, Yemen, Iraq, Pakistan and Latvia. The Company participation interests range from 15% to 100% across its different exploration and producing assets, providing a balance of risk diversification with significant upside potential.

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