M&A Deal Summary

The Abraaj Group Acquires Kuwait Energy

On April 10, 2012, asset manager The Abraaj Group acquired oil/gas exploration company Kuwait Energy

Acquisition Highlights
  • This is The Abraaj Group’s 4th transaction in the Oil/Gas Exploration sector.
  • This is The Abraaj Group’s 1st transaction in Kuwait.

M&A Deal Summary

Date 2012-04-10
Target Kuwait Energy
Sector Oil/Gas Exploration
Buyer(s) The Abraaj Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Kuwait Energy

Salmiya, Kuwait
Kuwait Energy is an independent oil and gas exploration and production company operating primarily in the MENA and CIS regions. Headquartered in Kuwait, the company has producing assets in Egypt, Yemen, Oman, Ukraine and Russia with exploration/development assets in Egypt, Yemen, Iraq, Pakistan and Latvia. The Company participation interests range from 15% to 100% across its different exploration and producing assets, providing a balance of risk diversification with significant upside potential.

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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 131 of 182
Sector: Oil/Gas Exploration M&A 4 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 119 of 144
Country: Kuwait M&A 1 of 1
Year: 2012 M&A 10 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-01 The Bridge Clinic & PathCare

South Africa

Therapia Health Limited is an offshore special purpose vehicle (SPV) used to invest in the Bridge Clinic and PathCare Nigeria. The Bridge Clinic (TBC) is the leading provider of specialized assisted reproductive treatment in Nigeria. The Clinic was incorporated in 1996 and commenced full clinical operations in 1999 in Lagos. PathCare Nigeria was established in 2004 in conjunction with the PathCare Group of South Africa. PathCare Nigeria laboratory offers a wide range of medical tests—blood screening, allergy, immunology and genetic tests such as paternity testing—including a number that were previously unavailable in Nigeria.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-01 Biasa Clinic

Togo

The clinic has a staff of more than 40 healthcare professionals and provides over 15 general and specialist services, including gynecology, pediatrics, neurology, echography and diagnostic services. The Abraaj Group’s investment is intended to modernize and broaden the clinic’s services and facilities. Improvements include increasing the number of beds from 24 to 80, adding the country’s first private intensive care unit and introducing a new ultrasound-based cancer treatment.

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