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  5. The Abraaj Group Acquires Regimanuel Gray

M&A Deal Summary

The Abraaj Group Acquires Regimanuel Gray

On December 1, 2004, asset manager The Abraaj Group acquired construction company Regimanuel Gray

Acquisition Highlights
  • This is The Abraaj Group’s 1st transaction in the Construction sector.
  • This is The Abraaj Group’s 1st transaction in Ghana.

M&A Deal Summary
Date 2004-12-01
Target Regimanuel Gray
Sector Construction
Buyer(s) The Abraaj Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Regimanuel Gray

Ghana
Regimanuel Gray (RGL) was formed in 1991 in Ghana as an international joint venture between two construction firms: Ghana-based Regimanuel and US-based Gray Partners. Since then RGL has grown to become the largest home-builder in Ghana, both in terms of volume and value. It has also developed into a regional player in the housing market, with more than 2,000 units delivered in the form of cluster and gated community developments. RGL projects are known for their quality, prime location, social amenities and well-maintained infrastructure, and the company has won several local and international awards.

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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 6 of 182
Sector: Construction M&A 1 of 17
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 144
Country: Ghana M&A 1 of 6
Year: 2004 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-04 Septech Holdings

Abu Dhabi, United Arab Emirates

Founded in 1997 and headquartered in Sharjah, UAE, Septech's main activity concentrated on packaged waste water systems. Today, Septech is active in water and waste water related systems, landscaping and environment services, pre-cast concrete products, and marinas. Its activities span consultation, design, manufacturing, installation, operation and maintenance.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 National Air Services Co.

Riyadh, Saudi Arabia

National Air Services (NAS), is a regional leader in the aviation industry offering an unmatched portfolio of private and commercial aviation services. NAS holds more licenses and certifications than any other aircraft operator in the entire Middle East, providing opportunities for aircraft fractional ownership and leasing under the NetJets franchise, private and government aircraft management services, charter services, a premium all-business class VIP shuttle (Al Khayala), and its low cost carrier (nas air).

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