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M&A Deal Summary

The Abraaj Group Acquires HBC

On August 1, 2011, asset manager The Abraaj Group acquired retailer HBC

Acquisition Highlights
  • This is The Abraaj Group’s 11th transaction in the Retail sector.
  • This is The Abraaj Group’s 3rd transaction in Philippines.

M&A Deal Summary
Date 2011-08-01
Target HBC
Sector Retail
Buyer(s) The Abraaj Group
Deal Type Buyout (LBO, MBO, MBI)

Target

HBC

Quezon City, Philippines
HBC is the largest in-house brand cosmetics retail store in the Philippines. The company is a leading player in the beauty, health and personal care retailing segment, with more than 230 outlets nationwide. HBC’s range includes hair, skin and personal care, color cosmetics, professional salon products and grocery items. Its stores are strategically located in communities and shopping malls.

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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 111 of 182
Sector: Retail M&A 11 of 16
Type: Buyout (LBO, MBO, MBI) M&A Deals 101 of 144
Country: Philippines M&A 3 of 3
Year: 2011 M&A 10 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-01 Nymgo

Lebanon

Nymgo is a telecom provider of international Voice over IP (VoIP) services for emerging market immigrants at low cost and high quality. With millions of customers spread over 188 countries, Nymgo has gained significant commercial traction serving over 1 billion minutes of international calls, implying a year-on-year increase of more than 70%. Nymgo offers pre-paid only services processed direcly through its website and several thousand worldwide resellers, allowing it to emerge as a premier provider of retail VoIP services to growth markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-01 Yongjia Biology

China

Yongjia Biology has two subsidiaries, Weifang Yuntao Organic Fertilizer and Weifang Yongjia Feed. Yuntao Fertilizer is one of the top three producers involved in making high-quality organic fertilizer in Shandong. The main product of Yongjia Feed is bonemeal, which is made from livestock bones and used as an additive to improve livestock growth.

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Mergr

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