M&A Deal Summary

The Abraaj Group Acquires Indorama Eleme Petrochemicals

On October 13, 2016, asset manager The Abraaj Group acquired chemicals company Indorama Eleme Petrochemicals from Indorama

Acquisition Highlights
  • This is The Abraaj Group’s 4th transaction in the Chemicals sector.
  • This is The Abraaj Group’s 5th transaction in Nigeria.

M&A Deal Summary
Date 2016-10-13
Target Indorama Eleme Petrochemicals
Sector Chemicals
Buyer(s) The Abraaj Group
Sellers(s) Indorama
Deal Type Divestiture

Target

Indorama Eleme Petrochemicals

Rivers State, Nigeria
Indorama Fertilizers operates a world-class, 1.4 million metric tonnes per annum urea manufacturing facility based in Port Harcourt, Nigeria. The plant has been developed to global environmental, social and construction standards. It plays a key role in supporting the agricultural sector in Nigeria by providing a reliable supply of fertilizers for local farmers, thereby enabling import substitution and supporting the diversification needs of the Nigerian economy.

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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 174 of 182
Sector (Chemicals) 4 of 4
Type (Divestiture) 1 of 3
Country (Nigeria) 5 of 5
Year (2016) 7 of 7
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-19 Casaideas

Santiago, Chile

Casaideas is a home design and home decorations business with growing market presence in Chile, Peru and Bolivia. Casaideas has since expanded its operations to 33 stores in Chile, 16 stores in Peru and seven additional franchise units in Bolivia. With over 3,500 Stock Keeping Units (SKUs), the Company´s success is founded on a value proposition that centers on offering unique, creatively-designed products at competitive price-points and customized for local markets.

Buy -

Seller(S) 1

SELLER

Indorama

Singapore, Singapore
Category Company
Founded 1975
Sector Diversified
DESCRIPTION

Indorama Corporation is one of Asia’s major holding companies. Started in 1975, today Indorama manufactures a multitude of industrial products including Polyethylene, Polypropylene, Polyester, Spun Yarns, Fabrics, Medical Gloves, and Fertilizers. At Indorama Corporation purpose is to build, acquire, and operate world-class manufacturing businesses; anywhere in the world; based on internal synergies and growth opportunities.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
Country (Nigeria) 1 of 1
Year (2016) 1 of 1
Mergr

Product

Company

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