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  5. The Abraaj Group Acquires Fibabanka A.S.

M&A Deal Summary

The Abraaj Group Acquires Fibabanka A.S.

On June 6, 2016, asset manager The Abraaj Group acquired financial services company Fibabanka A.S.

Acquisition Highlights
  • This is The Abraaj Group’s 10th transaction in the Financial Services sector.
  • This is The Abraaj Group’s 9th transaction in Turkey.

M&A Deal Summary
Date 2016-06-06
Target Fibabanka A.S.
Sector Financial Services
Buyer(s) The Abraaj Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Fibabanka A.S.

Istanbul, Turkey
Fibabanka A.S. is one of the most prominent banks in Turkey with a highly experienced management team. The Bank currently has 70 branches across 18 cities in Turkey, total assets of US$4.3 billion and a loan book of US$3.2 billion at the end of Q1 2016. It has a strong focus on commercial, corporate and SME customer segments which has contributed to its solid growth and high profitability in the last few years.

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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 173 of 182
Sector: Financial Services M&A 10 of 10
Type: Buyout (LBO, MBO, MBI) M&A Deals 140 of 144
Country: Turkey M&A 9 of 10
Year: 2016 M&A 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-19 Ninja Logistics Pte

Singapore, Singapore

Ninja Logistics Pte Ltd. a technology enabled logistics provider with operations in Singapore, Malaysia and Indonesia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-12 D1

Tocancipá, Colombia

D1 operates a Hard Discount Chain D1 in different regions of the country. D1 was formed in 2009 and is based in Tocancipá, Colombia.

Sell -
Mergr

Product

Company

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