M&A Deal Summary

The Abraaj Group Acquires Integrated Petroleum Services Sdn Bhd

On November 1, 2011, asset manager The Abraaj Group acquired oil/gas exploration company Integrated Petroleum Services Sdn Bhd

Acquisition Highlights
  • This is The Abraaj Group’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is The Abraaj Group’s 3rd transaction in Malaysia.

M&A Deal Summary
Date 2011-11-01
Target Integrated Petroleum Services Sdn Bhd
Sector Oil/Gas Exploration
Buyer(s) The Abraaj Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Integrated Petroleum Services Sdn Bhd

Kuala Lumpur, Malaysia
Integrated Petroleum Services (IPS) manages and charters rigs and offshore support vessels to the major oil and gas companies operating within and outside Malaysia. IPS also provides drilling consultancy and offshore engineering services, working in conjunction with foreign principals. Its services are required in every stage of offshore upstream operations: exploration/appraisal, field development, production and decommissioning. Besides having national oil company Petronas as its client, IPS also services oil majors such as Murphy Oil, Shell, Talisman and ExxonMobil.

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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 119 of 182
Sector (Oil/Gas Exploration) 2 of 4
Type (Buyout (LBO, MBO, MBI)) 109 of 144
Country (Malaysia) 3 of 4
Year (2011) 18 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-01 Soil Health Pacific

Apia, Samoa

Soil Health Pacific is a manufacturer of organic liquid fertilizers and a primary producer focusing on vegetable production. The company is focused on smallholding growers but will also target large Pacific agribusinesses. The product is significantly cheaper than traditional fertilizers and assists in improving soil health and crop yield. Soil Health Pacific works closely with farmers to design an appropriate program. Interest in the product has been shown in Fiji, Cook Islands and Tonga.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-02 Mani Foods Industry

Dubai, United Arab Emirates

Mani Holding markets a range of premium-quality dried fruits and nuts under the MANI® brand, with a vision of becoming a global reference brand for healthy snacking. The company is focused on growing consumer demand for dried fruits and nuts through product innovation to merge the gap between tasty, healthy and convenience-oriented snacking. The Abraaj Group’s investment in Mani is with respect to the rights to market the MANI® brand in Europe and the Americas.

Buy -
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