M&A Deal Summary

The Abraaj Group Acquires Mannan Shahid Forgings

On June 7, 2007, asset manager The Abraaj Group acquired metals/mining company Mannan Shahid Forgings

Acquisition Highlights
  • This is The Abraaj Group’s 2nd transaction in the Metals/Mining sector.
  • This is The Abraaj Group’s 1st transaction in Pakistan.

M&A Deal Summary
Date 2007-06-07
Target Mannan Shahid Forgings
Sector Metals/Mining
Buyer(s) The Abraaj Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Mannan Shahid Forgings

Lahore, Pakistan
Mannan Shahid Forgings (MSF) is the premier manufacturer of forged and machined components in Pakistan. The company produces carbon and alloy steel components for the automotive industry and exports roughly half its production to Europe and the US. Strong partnerships have been created through the company’s client-centric approach, fast turnaround of quotations, prototyping and on-time delivery across the globe.

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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 28 of 182
Sector (Metals/Mining) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 23 of 144
Country (Pakistan) 1 of 5
Year (2007) 10 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-01 Stanford Marine Group

Dubai, United Arab Emirates

SMG comprises four well-established business divisions in the marine chartering, shipbuilding and repair, oil and gas engineering, and crane-hire sectors in the high-growth Gulf, Indian and Southeast Asian markets. Grandweld is its leading and fully integrated shipbuilding and ship-repair unit with facilities at Al Jadaf in Dubai and Dubai Maritime City. It focuses on offshore supply vessels (OSVs). Another unit, Stanford, is the dominant marine-hire services player with a diverse fleet of 32 OSVs on long-term contracts. GMMOS Fabrication is an oil- and gas-related steel fabricator and maintenance provider with facilities at Jebel Ali in Dubai, as well as in Ras Al-Khaimah and Kazakhstan. Gallagher is a Dubai-based company that operates 43 mobile cranes and provides lifting solutions to customers in different industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-17 GEMS Education

Dubai, United Arab Emirates

GEMS Education is a large K-12 private school operator in the MENASA region and has 48 years of direct experience in managing and operating schools across various curricula. GEMS operates a growing network of international schools in the UAE, Qatar, India, Jordan, Kuwait, KSA and Libya, delivering education to over 77,000 students from 124 nationalities. GEMS Education is based in Dubai, United Arab Emirates.

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