Buyout (LBO, MBO, MBI) • Construction

The Abraaj Group Acquires Scientific Engineering

On January 1, 2009, asset manager The Abraaj Group acquired construction company Scientific Engineering

Acquisition Context

This is The Abraaj Group’s 11th transaction in the Construction sector.
This is The Abraaj Group’s 5th transaction in South Africa.

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M&A Deal Summary
Date	January 1, 2009
Target	Scientific Engineering
Sector	Construction
Buyer(s)	The Abraaj Group
Deal Type	Buyout (LBO, MBO, MBI)

Target Company

Scientific Engineering

Roodepoort, South Africa

Scientific Engineering (SEL) manufactures counter-top catering equipment, which is distributed to more than 40 countries through BCE Food Service Equipment Company (BCE). BCE is Southern Africa’s leading supplier of kitchen utensils, industrial cookware and commercial kitchen appliances to the hospitality and food service industries. SEL is also the primary manufacturer of laboratory equipment in Southern Africa.

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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	66 of 182
Sector: Construction	11 of 17
Type: Buyout (LBO, MBO, MBI)	61 of 144
Country: South Africa	5 of 8
Year: 2009	2 of 20

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2009-01-01	redIT Polanco, Mexico redIT supports the global IT community with managed IT services, high-capacity connectivity, and data centers in the southwestern U.S. redIT enables its clients to focus resources on what drives their competitive advantage not the distractions of owning and managing IT. redIT is based in Polanco, Mexico.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2009-01-01

redIT

Polanco, Mexico

redIT supports the global IT community with managed IT services, high-capacity connectivity, and data centers in the southwestern U.S. redIT enables its clients to focus resources on what drives their competitive advantage not the distractions of owning and managing IT. redIT is based in Polanco, Mexico.

Buy

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2009-02-01	Brookside Dairy Ruiru, Kenya Brookside is the leading dairy in East Africa. The company currently has operations in Kenya, Uganda and Tanzania. It also exports products to Rwanda, Burundi, Egypt and the Middle East, as well as to the Indian Ocean islands. The Abraaj Group invested as a part of a merger and acquisition of a complementary dairy business. The combined company is now the biggest processor of milk in the region.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2009-02-01

Brookside Dairy

Ruiru, Kenya

Brookside is the leading dairy in East Africa. The company currently has operations in Kenya, Uganda and Tanzania. It also exports products to Rwanda, Burundi, Egypt and the Middle East, as well as to the Indian Ocean islands. The Abraaj Group invested as a part of a merger and acquisition of a complementary dairy business. The combined company is now the biggest processor of milk in the region.

Buy

Explore Related M&A Activity

Construction M&A - Buyout (LBO, MBO, MBI) M&A Deals - South Africa M&A - 2009 M&A