M&A Deal Summary

The Abraaj Group Acquires Hind High Vacuum Company Pvt.

On October 1, 2006, asset manager The Abraaj Group acquired construction company Hind High Vacuum Company Pvt.

Acquisition Highlights
  • This is The Abraaj Group’s 2nd transaction in the Construction sector.
  • This is The Abraaj Group’s 2nd transaction in India.

M&A Deal Summary

Date 2006-10-01
Target Hind High Vacuum Company Pvt.
Sector Construction
Buyer(s) The Abraaj Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Hind High Vacuum Company Pvt.

Bangalore, India
Hind High Vacuum is a pioneer in high vacuum technology in India. It supplies a range of systems and turnkey solutions to domestic and international clients, covering a wide scope of sectors including the aeronautics, space, automotive and solar industries. Expertise in vacuum technology has enabled the company to develop thin-film solar equipment. The company also manufactures solar modules through a subsidiary.

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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 16 of 182
Sector: Construction M&A 2 of 17
Type: Buyout (LBO, MBO, MBI) M&A Deals 13 of 144
Country: India M&A 2 of 14
Year: 2006 M&A 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-01 Real People Investment Holdings

East London, South Africa

Real People Investment Holdings is South Africa’s largest independent, non-banking, financial services provider, and has been operating in the region for more than 10 years. Real People is a consumer and mortgage financing institution that provides innovative and affordable credit solutions to clients from previously disadvantaged communities. It assists households with low to moderate income that would traditionally not qualify for credit from banking institutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-01 Deacons Kenya

Kenya

Deacons is a leading Kenyan fashion retail chain, which currently has seven stores located in Nairobi’s most prestigious shopping centers. The company’s principal business is to operate retail establishments, including franchise and department stores selling ladies’, men’s and children’s clothing, footwear, accessories, toiletries, gifts, home furnishings, cosmetics, sports equipment and other goods.

Buy -