M&A Deal Summary

The Abraaj Group Acquires ECI Engineering & Construction Co

On April 3, 2008, asset manager The Abraaj Group acquired construction company ECI Engineering & Construction Co

Acquisition Highlights
  • This is The Abraaj Group’s 8th transaction in the Construction sector.
  • This is The Abraaj Group’s 6th transaction in India.

M&A Deal Summary

Date 2008-04-03
Target ECI Engineering & Construction Co
Sector Construction
Buyer(s) The Abraaj Group
Deal Type Buyout (LBO, MBO, MBI)

Target

ECI Engineering & Construction Co

Hyderabad, India
Based in Hyderabad, ECI Engineering and Construction is a mid-sized infrastructure-construction and development company with more than 30 years of experience in major civil projects. The company’s focus is on civil and electrical projects (highways, power generation, transmission and distribution), railway electrification, tower manufacturing and build-own-transfer hydroelectric power generation facilities. ECI Engineering & Construction Co, Ltd.

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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 48 of 182
Sector: Construction M&A 8 of 17
Type: Buyout (LBO, MBO, MBI) M&A Deals 43 of 144
Country: India M&A 6 of 14
Year: 2008 M&A 6 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-01 Qingdao Land

China

Qingdao Land implements environmental protection projects in the power sector and has a strong track record in desulphurization, water reuse and wind energy. Its wind turbine subsidiary, China Creative Wind Energy, is the first Chinese company to own the intellectual property for most parts of the turbine and ranks among the top 10 wind turbine producers in China. The investment is linked to the government’s plan to encourage clean technology investments that have a positive impact on the environment and will reduce carbon emissions.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-01 Horizontes Nature Tours

San José, Costa Rica

Horizontes is Costa Rica’s leading ecotour operator. It organizes group and individual packages and uses only suppliers that offer the best quality and share its environmental values. Horizontes has received the Certificado de Sostenibilidad Turística from the Instituto Costarricense de Turismo, making it the first tour operator to be awarded this superior qualification.

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