M&A Deal Summary

The Abraaj Group Acquires Man Infraconstruction

On December 1, 2008, asset manager The Abraaj Group acquired construction company Man Infraconstruction

Acquisition Highlights
  • This is The Abraaj Group’s 10th transaction in the Construction sector.
  • This is The Abraaj Group’s 7th transaction in India.

M&A Deal Summary

Date 2008-12-01
Target Man Infraconstruction
Sector Construction
Buyer(s) The Abraaj Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Man Infraconstruction

Mumbai, India
Man Infraconstruction Limited (MIL) is a key player in India’s rapidly growing infrastructure-construction and development industry, a sector that has experienced tremendous growth in spending from both the government and private sectors. MIL competencies lie in the construction of port and port-related infrastructure, such as container yards and terminals, container freight-stations, roads, concrete paving works, sewage systems and land reclamation as part of turnkey projects for multinational conglomerates. In addition, MIL undertakes projects in the residential and commercial real estate segments.

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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 64 of 182
Sector: Construction M&A 10 of 17
Type: Buyout (LBO, MBO, MBI) M&A Deals 59 of 144
Country: India M&A 7 of 14
Year: 2008 M&A 22 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-01 Publimovil Costa Rica

Costa Rica

PL Movil Medios de Costa Rica (PL Movil) focuses on the outdoor media sector, building and leasing products such as billboards and other promotional infrastructure. PL Movil is part of a Central American group (Grupo Publimovil) that offers a wide variety of media products and includes printing, iron infrastructure construction, maintenance and media operations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-01 redIT

Polanco, Mexico

redIT supports the global IT community with managed IT services, high-capacity connectivity, and data centers in the southwestern U.S. redIT enables its clients to focus resources on what drives their competitive advantage not the distractions of owning and managing IT. redIT is based in Polanco, Mexico.

Buy -