M&A Deal Summary

The Abraaj Group Acquires Marsun Company

On September 1, 2008, asset manager The Abraaj Group acquired machinery company Marsun Company

Acquisition Highlights
  • This is The Abraaj Group’s 1st transaction in the Machinery sector.
  • This is The Abraaj Group’s 3rd transaction in Thailand.

M&A Deal Summary

Date 2008-09-01
Target Marsun Company
Sector Machinery
Buyer(s) The Abraaj Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Marsun Company

Samutprakarn, Thailand
Marsun is a vessel builder and repair specialist in Thailand with a 25-year track record. With Lloyd’s Register Quality Assurance certification for the ‘provision of ship and boat-building and repairing of length up to 100m’, Marsun is considered to be the leading builder of crew boats for the oil and gas industry in South-East Asia. The company also engages in a ship-equipment trading business and zinc anode (rust protection) manufacturing line.

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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 58 of 182
Sector: Machinery M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 53 of 144
Country: Thailand M&A 3 of 6
Year: 2008 M&A 16 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-30 Numarine Denizcilik San. Tic. A.$.

Istanbul, Turkey

Numarine manufactures and markets branded luxury motor yachts using vacuum assisted infusion technology. The Company's target markets include Western Europe, Turkey, Russia, Middle East, and West Africa, and has a steadily growing reputation in the boat-building world and distinguishes itself based on its technology, superior quality and competitive pricing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-01 Emteyco SARL

Casablanca, Morocco

Established in 1999, Emteyco is an electrical engineering group that operates in the following areas: Low and medium-voltage electrification, production of electrical towers in metal and concrete, production of metal parts for construction, turnkey projects for construction of industrial facilities, including metal structures and electrification.

Buy -