M&A Deal Summary

The Abraaj Group Acquires Pancake House Group

On October 1, 2009, asset manager The Abraaj Group acquired restaurant Pancake House Group

Acquisition Highlights
  • This is The Abraaj Group’s 2nd transaction in the Restaurants sector.
  • This is The Abraaj Group’s 1st transaction in Philippines.
Investment Fate
  • Pancake House Group was sold to a strategic buyer in 2014.

M&A Deal Summary

Date 2009-10-01
Target Pancake House Group
Sector Restaurants
Buyer(s) The Abraaj Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Pancake House Group

Makati City, Philippines
Pancake House Group, Inc. is an operator of fast casual dining chain in the philippines. The company owns and operates seven restaurant brands—Pancake House, Dencio’s, Teriyaki Boy, Sizzlin’ Pepper Steak, Le Coeur de France, The Chicken Rice Shop and Yellow Cab Pizza.

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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 81 of 182
Sector: Restaurants M&A 2 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 74 of 144
Country: Philippines M&A 1 of 3
Year: 2009 M&A 17 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-01 ITS InfoCom

Rowlett, Texas,

ITS InfoCom is a leading provider of remote infrastructure management (RIM) services in Central America and the Caribbean. The company also has a presence in Colombia and the US. One of ITS’s main services is the monitoring and support of solutions for networks and servers, such as control and tracking of events and system changes. This full-service support is backed by service level agreements.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-01 Gallus

Tunisia

Gallus is an integrated poultry processing business engaged in the rearing of poultry and the production of chicken and turkey-based food products. Gallus is the leading player in the turkey food products market in Tunisia and the second-largest player in the overall Tunisian poultry market. The aviculture sector is experiencing strong growth in the North African market, where it provides an affordable source of protein for the growing middle class. The group operates with best-in-class industrial assets that meet European quality processing requirements.

Buy -