M&A Deal Summary

The Abraaj Group Acquires Osian s Connoisseurs of Art Pvt.

On March 17, 2008, asset manager The Abraaj Group acquired business services company Osian s Connoisseurs of Art Pvt.

Acquisition Highlights
  • This is The Abraaj Group’s 2nd transaction in the Business Services sector.
  • This is The Abraaj Group’s 5th transaction in India.

M&A Deal Summary

Date 2008-03-17
Target Osian s Connoisseurs of Art Pvt.
Sector Business Services
Buyer(s) The Abraaj Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Osian s Connoisseurs of Art Pvt.

Mumbai, India
Osian’s was founded in 2000 as India’s first integrated and self-supporting arts institution. The company operates several complementary business lines: an art advisory service providing authentication, insurance, valuation and partner advice; a center for archiving, research and documentation; and a publishing and design house.

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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 45 of 182
Sector (Business Services) 2 of 7
Type (Buyout (LBO, MBO, MBI)) 40 of 144
Country (India) 5 of 14
Year (2008) 3 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-01 Egyptian Fertilizer SAE

Giza, Egypt

EFC is the largest private sector producer of nitrogen based fertilizer located in Egypt, and the largest Egyptian exporter of fertilizer.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-01 Qingdao Land

China

Qingdao Land implements environmental protection projects in the power sector and has a strong track record in desulphurization, water reuse and wind energy. Its wind turbine subsidiary, China Creative Wind Energy, is the first Chinese company to own the intellectual property for most parts of the turbine and ranks among the top 10 wind turbine producers in China. The investment is linked to the government’s plan to encourage clean technology investments that have a positive impact on the environment and will reduce carbon emissions.

Buy -