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M&A Deal Summary

The Abraaj Group Acquires Private Networks Nigeria

On August 1, 2007, asset manager The Abraaj Group acquired media company Private Networks Nigeria

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

M&A Deal Summary
Date 2007-08-01
Target Private Networks Nigeria
Sector Media
Buyer(s) The Abraaj Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Private Networks Nigeria

Nigeria
Private Networks Nigeria Limited (PNN) was set up in November 2000 to provide telecommunication solutions and support services to corporate and individual customers in the Nigeria telecoms market. PNN’s key products and services include sales and distribution of telecoms products, supply and installation of telecoms equipment, operations and maintenance of GSM and PTO operator facilities, provision of engineering support services and other value added services.

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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 32 of 182
Sector: Media M&A 3 of 16
Type: Buyout (LBO, MBO, MBI) M&A Deals 27 of 144
Country: Nigeria M&A 1 of 5
Year: 2007 M&A 14 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-01 Shandong Jinan yellow cat Wood Co.

Zhangqiu, shandong, China

Yellow Cat is a manufacturer of block boards used for decoration, fittings and furniture making. It has developed the Yellow Cat brand into a market leader in terms of quality and brand awareness. Although affected by the financial crisis and downturn of China’s real estate industry, the company is now aiming to expand its capacity to new products and explore both domestic and overseas markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-28 Acibadem Healthcare Group

Istanbul, Turkey

Acibadem Insurance is the one of the five largest health insurance companies in Turkey. The Company has an insured population of approximately 150,000 people comprised of blue-chip corporate and individual clients. The Company’s product portfolio also includes life and personal accident products giving Acibadem Insurance a strong foothold in the Turkish insurance market.

Buy -
Mergr

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