M&A Deal Summary

The Abraaj Group Acquires Jhimpir Power

On February 25, 2017, asset manager The Abraaj Group acquired renewable energy company Jhimpir Power from Burj Capital

Acquisition Highlights
  • This is The Abraaj Group’s 2nd transaction in the Renewable Energy sector.
  • This is The Abraaj Group’s 4th transaction in Pakistan.

M&A Deal Summary
Date 2017-02-25
Target Jhimpir Power
Sector Renewable Energy
Buyer(s) The Abraaj Group
Sellers(s) Burj Capital
Deal Type Divestiture

Target

Jhimpir Power

Pakistan
Jhimpir Power wholly-owns a 50 MW wind power project (the “Project”) in the Jhimpir wind corridor in Southeast Pakistan. The Project achieved financial close in August 2016 and is expected to commence operations in Q1 2018. The Jhimpir wind corridor is an established area for wind projects with 550 MW+ of capacity already operational and a further 1 GW+ under the construction and development phase. The Project will be powered by General Electric (“GE”) wind turbines, with the Huadong Engineering Corporation appointed as the EPC contractor and GE providing the overall operations and maintenance for the Project.

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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 176 of 182
Sector (Renewable Energy) 2 of 2
Type (Divestiture) 2 of 3
Country (Pakistan) 4 of 5
Year (2017) 2 of 8
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-26 Middlesex University Dubai

Dubai, United Arab Emirates

Middlesex University Dubai is one of the region's most dynamic and forward-thinking institutions that offers foundation, undergraduate and postgraduate degree programs in business, law, art, and design, science and technology, health and education, and media. Middlesex University Dubai was founded in 2005 and is based in Dubai, United Arab Emirates.

Buy -

Seller(S) 1

SELLER

Burj Capital

Karachi, Pakistan
Category Company
Sector Renewable Energy
DESCRIPTION

Burj Capital develop, finance, construct, operate and transfer renewable energy projects, thereby managing assets end-to-end and in the process ensuring project quality and delivering savings to our customers. Burj Capital is based in Karachi, Pakistan.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
Country (Pakistan) 1 of 1
Year (2017) 1 of 1
Mergr

Product

Company

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