Buyout (LBO, MBO, MBI) • Oil/Gas Exploration

The Abraaj Group Acquires Stanford Marine Group

On May 1, 2007, asset manager The Abraaj Group acquired oil/gas exploration company Stanford Marine Group

Acquisition Context
  • This is The Abraaj Group’s 1st transaction in the Oil/Gas Exploration sector.
  • This is The Abraaj Group’s 5th transaction in United Arab Emirates.

Explore All 526 Buyout (LBO, MBO, MBI) Oil/Gas Exploration Deals - Search the Database Free


M&A Deal Summary

Date May 1, 2007
Target Stanford Marine Group
Sector Oil/Gas Exploration
Buyer(s) The Abraaj Group
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Stanford Marine Group

Dubai, United Arab Emirates
SMG comprises four well-established business divisions in the marine chartering, shipbuilding and repair, oil and gas engineering, and crane-hire sectors in the high-growth Gulf, Indian and Southeast Asian markets. Grandweld is its leading and fully integrated shipbuilding and ship-repair unit with facilities at Al Jadaf in Dubai and Dubai Maritime City. It focuses on offshore supply vessels (OSVs). Another unit, Stanford, is the dominant marine-hire services player with a diverse fleet of 32 OSVs on long-term contracts. GMMOS Fabrication is an oil- and gas-related steel fabricator and maintenance provider with facilities at Jebel Ali in Dubai, as well as in Ras Al-Khaimah and Kazakhstan. Gallagher is a Dubai-based company that operates 43 mobile cranes and provides lifting solutions to customers in different industries.
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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 27 of 182
Sector: Oil/Gas Exploration 1 of 4
Type: Buyout (LBO, MBO, MBI) 22 of 144
Country: United Arab Emirates 5 of 11
Year: 2007 9 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-24 Egyptian Fertilizer Co. SAE

Giza, Egypt

EFC is the largest private sector producer of nitrogen based fertilizer located in Egypt, and the largest Egyptian exporter of fertilizer.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-07 Mannan Shahid Forgings

Lahore, Pakistan

Mannan Shahid Forgings (MSF) is the premier manufacturer of forged and machined components in Pakistan. The company produces carbon and alloy steel components for the automotive industry and exports roughly half its production to Europe and the US. Strong partnerships have been created through the company’s client-centric approach, fast turnaround of quotations, prototyping and on-time delivery across the globe.

Buy -