Buyout (LBO, MBO, MBI) • Retail

The Abraaj Group Acquires Desarrollos Culturales Costarricenses S.A

On August 1, 2010, asset manager The Abraaj Group acquired retailer Desarrollos Culturales Costarricenses S.A

Acquisition Context
  • This is The Abraaj Group’s 9th transaction in the Retail sector.
  • This is The Abraaj Group’s 4th transaction in Costa Rica.

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M&A Deal Summary

Date August 1, 2010
Target Desarrollos Culturales Costarricenses S.A
Sector Retail
Buyer(s) The Abraaj Group
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Desarrollos Culturales Costarricenses S.A

San José, Costa Rica
Desarrollos Culturales Costarricenses (DCC) opened its first branch in San José in Costa Rica 1995, positioning itself as a bookstore chain offering a personalized service. DCC now operates 15 stores under the Libreria Internacional brand and two under LibroMax. It also owns Ediciones Jadine, a publishing house. DCC branded Libreria Internacional as a well-respected bookstore stocking a wide variety of subjects, combined with competitive prices and good product availability. Its excellent customer service is another strong characteristic.
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Buyer Overview 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 Context for Buyer #
Overall 94 of 182
Sector: Retail 9 of 16
Type: Buyout (LBO, MBO, MBI) 86 of 144
Country: Costa Rica 4 of 4
Year: 2010 10 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-01 Seven Seas Technologies Group

Nairobi, Kenya

Seven Seas Technologies (SST) is an IT solutions provider with operations in Kenya, Uganda and Rwanda. SST’s offerings have evolved from network equipment sales and installation to more complex service provisions such as consulting, systems integration and training. The company’s strategy to develop its product range and focus on key growth sectors has enabled it to further establish itself in the market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-04 TF Value Mart

Petaling Jaya, Malaysia

TF Value Mart is a hypermarket chain, primarily focused on food and other essentials. It operates a low-cost business model, delivering its products in a no-frills but comfortable environment. The company’s focus is on towns with populations of between 80,000 and 150,000 that are situated away from the major urban centers, where competition is more intense. TF Value Mart was founded in 1957 and is based in Petaling Jaya, Malaysia.

Buy -