M&A Deal Summary

The Abraaj Group Acquires Dashen Breweries

On July 1, 2012, asset manager The Abraaj Group acquired food company Dashen Breweries

Acquisition Highlights
  • This is The Abraaj Group’s 5th transaction in the Food sector.
  • This is The Abraaj Group’s 1st transaction in Ethiopia.

M&A Deal Summary

Date 2012-07-01
Target Dashen Breweries
Sector Food
Buyer(s) The Abraaj Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Dashen Breweries

Ethiopia
Dashen Breweries is Ethiopia’s second-largest brewery by capacity and market share. The brewer was established in 1996 and produces two well-known brands, Dashen and Royal. The Abraaj Group invested alongside a consortium to significantly increase capacity and take advantage of one of the fastest-growing beer markets in Africa.

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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 136 of 182
Sector: Food M&A 5 of 11
Type: Buyout (LBO, MBO, MBI) M&A Deals 124 of 144
Country: Ethiopia M&A 1 of 1
Year: 2012 M&A 15 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-01 Orca Global

Singapore

Orca Global is the English Language Training (ELT) education service provider behind the well-known ‘I Can Read’ branded centers. Founded in 2002, it has 47 franchised centers across six countries in the Asia Pacific region, with about 14,000 students. Orca Global is the market leader in Singapore, with around 10,000 active students.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-19 IFaB

Col. Arenal Tepepan, Mexico

IFaB is the Mexican leader in designing and performing human studies, which are required for medical drugs to receive legal certification. IFaB is a contract research organization that carries out bioavailability and bioequivalency studies requested by pharmaceutical companies. The company has been certified by the Mexican and Brazilian sanitary authorities (COFEPRIS and ANVISA respectively). IFaB is the only non-Brazilian company in the Americas that has the ANVISA certification.

Buy -