M&A Deal Summary

The Abraaj Group Acquires Eurotech Engineering International Co.

On November 1, 2007, asset manager The Abraaj Group acquired metals/mining company Eurotech Engineering International Co.

Acquisition Highlights
  • This is The Abraaj Group’s 3rd transaction in the Metals/Mining sector.
  • This is The Abraaj Group’s 2nd transaction in Thailand.

M&A Deal Summary

Date 2007-11-01
Target Eurotech Engineering International Co.
Sector Metals/Mining
Buyer(s) The Abraaj Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Eurotech Engineering International Co.

Chachoengsao, Thailand
Eurotech Engineering International (EEI) is one of Thailand’s leading high-quality steel manufacturers. Areas of expertise include producing equipment for power plants such as air intake ducts for turbines and exhaust ducts. Its customers are top-tier global power and oil and gas companies, including Siemens, Alstom and Nooter/Eriksen.

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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 39 of 182
Sector: Metals/Mining M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 34 of 144
Country: Thailand M&A 2 of 6
Year: 2007 M&A 21 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-01 Aviance Ghana

Accra, Ghana

Aviance (formerly Africa Ground Handling Operations) was incorporated in Ghana in 1994. In July 2004, the company joined the Aviance alliance, the first consortium of airport service providers worldwide, and changed its name accordingly. Today, with 650 employees, Aviance is Ghana’s leading ground handling operator. It provides clients with an array of passenger and aircraft services, as well as cargo warehouse management resources.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-01 P.T. Pamindo Tiga T

Indonesia

Pamindo Tiga T is a manufacturer of various steel parts and components, primarily for the automotive industry. With more than 20 years’ experience in Indonesia, Pamindo Tiga T is recognized as one of the leading local manufacturers in metalworking and has an established reputation for quality and efficiency. The company owns two factories: Pulogadung and Tangerang.

Buy -