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  5. The Abraaj Group Acquires Mani Foods Industry

M&A Deal Summary

The Abraaj Group Acquires Mani Foods Industry

On November 2, 2011, asset manager The Abraaj Group acquired retailer Mani Foods Industry

Acquisition Highlights
  • This is The Abraaj Group’s 14th transaction in the Retail sector.
  • This is The Abraaj Group’s 9th transaction in United Arab Emirates.

M&A Deal Summary
Date 2011-11-02
Target Mani Foods Industry
Sector Retail
Buyer(s) The Abraaj Group
Deal Type Buyout (LBO, MBO, MBI)

Target

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.

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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 120 of 182
Sector: Retail M&A 14 of 16
Type: Buyout (LBO, MBO, MBI) M&A Deals 110 of 144
Country: United Arab Emirates M&A 9 of 11
Year: 2011 M&A 19 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.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 NEP Holdings

Selangor, Malaysia

NEP Holdings assembles and distributes residential water filtration systems under its own home-grown Diamond brand. The group is the market leader in Malaysia, and has a presence in Singapore, Hong Kong, Taiwan and southern China. The filters marketed by NEP include the Diamond outdoor filter, Diamond indoor filter, water bar and the Diamond shower spa. The filters can be bought or hired, and are replaced with new units if customers renew the rental plan at the end of the contract period.

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