M&A Deal Summary

The Abraaj Group Acquires Iasacorp International S.A.

On July 1, 2009, asset manager The Abraaj Group acquired retailer Iasacorp International S.A.

Acquisition Highlights
  • This is The Abraaj Group’s 7th transaction in the Retail sector.
  • This is The Abraaj Group’s 1st transaction in Peru.
Investment Fate
  • Iasacorp International S.A. was sold to a strategic buyer in 2014.

M&A Deal Summary

Date 2009-07-01
Target Iasacorp International S.A.
Sector Retail
Buyer(s) The Abraaj Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Iasacorp International S.A.

Lurín, Peru
Iasa Corporation S.A. operates as a retailer of women’s fashion accessories.

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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 78 of 182
Sector: Retail M&A 7 of 16
Type: Buyout (LBO, MBO, MBI) M&A Deals 71 of 144
Country: Peru M&A 1 of 3
Year: 2009 M&A 14 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-01 Southey Holdings

Durban, South Africa

The group has grown into South Africa’s largest industrial painting, blast cleaning and contracting provider. It services major industrial, infrastructural installations and mining operations, as well as South Africa’s leading ship and oil rig repair company. At the heart of the group are four companies: Southey Contracting, which offers industrial painting, insulation, and repair and maintenance contracting services; Dormac, which undertakes shipbuilding and repairs, including oil and gas platforms; Concord, which specializes in industrial and retail refrigeration; and Gascon, which focuses on the manufacture of oil and gas tankers and mobile bulk liquid tanks.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-01 Computer Warehouse Group

Lagos, Nigeria

Computer Warehouse Group Ltd (CWG) was incorporated in 1992 as a support company in the information and communication technologies industry. The company operates in major segments of the ICT market, namely hardware and enterprise systems, software development and networks integration and communications. The company has experienced phenomenal growth due to intrinsic values such as quality service delivery, strategic partnerships with major OEMs and a pool of high-rated certified IT professionals.

Buy -