Buyout (LBO, MBO, MBI) • Healthcare Services

The Abraaj Group Acquires Plastic Electromechanic Company

On July 16, 2013, asset manager The Abraaj Group acquired healthcare services company Plastic Electromechanic Company

Acquisition Context
  • This is The Abraaj Group’s 18th transaction in the Healthcare Services sector.
  • This is The Abraaj Group’s 5th transaction in Tunisia.

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M&A Deal Summary

Date July 16, 2013
Target Plastic Electromechanic Company
Sector Healthcare Services
Buyer(s) The Abraaj Group
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Plastic Electromechanic Company

Zaghouan, Tunisia
Established in 2004 as a plastic injection company, PEC has grown to become an industrial group which has expanded its client base, products, industry and country exposure. It now serves top tier clients in sectors including the automotive, electrical and healthcare industries in Europe and the US.
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Buyer Overview 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 Context for Buyer #
Overall 146 of 182
Sector: Healthcare Services 18 of 24
Type: Buyout (LBO, MBO, MBI) 130 of 144
Country: Tunisia 5 of 9
Year: 2013 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-24 Fan Milk International A/S

Aalborg, Denmark

Fan Milk International A/S, a manufacturer and distributor of frozen dairy products and juices in West Africa. Fan Milk has grown rapidly through a unique distribution network and currently operates in the markets of Ghana, Nigeria, Togo, Burkina Faso, Benin and Ivory Coast.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-29 Orascom Construction Industries SAE

Cairo, Egypt

Orascom Construction Industries (OCI) is an engineering, procurement and construction contractor. It is also a leading incubator and execution vehicle for industrial and infrastructure investments in the region.

Sell -