M&A Deal Summary

The Abraaj Group Acquires Opalia Pharma S.A.

On June 1, 2009, asset manager The Abraaj Group acquired healthcare services company Opalia Pharma S.A.

Acquisition Highlights
  • This is The Abraaj Group’s 4th transaction in the Healthcare Services sector.
  • This is The Abraaj Group’s 1st transaction in Tunisia.
Investment Fate
  • Opalia Pharma S.A. was sold to a publicly-traded strategic buyer in 2013.

M&A Deal Summary

Date 2009-06-01
Target Opalia Pharma S.A.
Sector Healthcare Services
Buyer(s) The Abraaj Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Opalia Pharma S.A.

Tunisia
Opalia Pharma is a pharmaceutical company manufacturing generics under the brand name of Opalia. Its sales mainly cover the Tunisian market, with exports to Francophone Sub-Saharan Africa, North Africa and the Middle East. Opalia has a portfolio of around 130 products and holds approximately 120 drug registrations for the Tunisian market.

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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 72 of 182
Sector: Healthcare Services M&A 4 of 24
Type: Buyout (LBO, MBO, MBI) M&A Deals 66 of 144
Country: Tunisia M&A 1 of 9
Year: 2009 M&A 8 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-01 BBS

Port Moresby, Papua New Guinea

BBS is the holding company for a number of businesses involved in the provision of electronic and manned security solutions. In 2010, BBS formed joint ventures with landowners to provide services to an Exxon-led LNG project. The group is one of the largest suppliers of security services in Papua New Guinea. Offerings include static guards, guard and dog combinations, cash and personnel transport, alarm systems and monitoring, vehicle tracking, security training and uninterrupted power solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-01 Southey Holdings

Durban, South Africa

The group has grown into South Africa’s largest industrial painting, blast cleaning and contracting provider. It services major industrial, infrastructural installations and mining operations, as well as South Africa’s leading ship and oil rig repair company. At the heart of the group are four companies: Southey Contracting, which offers industrial painting, insulation, and repair and maintenance contracting services; Dormac, which undertakes shipbuilding and repairs, including oil and gas platforms; Concord, which specializes in industrial and retail refrigeration; and Gascon, which focuses on the manufacture of oil and gas tankers and mobile bulk liquid tanks.

Buy -