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M&A Deal Summary

The Abraaj Group Acquires STS Holdings

On September 1, 2007, asset manager The Abraaj Group acquired healthcare services company STS Holdings

Acquisition Highlights
  • This is The Abraaj Group’s 3rd transaction in the Healthcare Services sector.
  • This is The Abraaj Group’s 1st transaction in Bangladesh.

M&A Deal Summary
Date 2007-09-01
Target STS Holdings
Sector Healthcare Services
Buyer(s) The Abraaj Group
Deal Type Buyout (LBO, MBO, MBI)

Target

STS Holdings

Dhaka, Bangladesh
STS owns Apollo Hospital Dhaka (AHD), which started operations in April 2005. With a potential capacity of 450 beds, AHD is the first private, international-class tertiary medical facility in Bangladesh. In 2007, The Abraaj Group invested in STS to support the expansion of the hospital from 250 to 350 beds. In early 2010, the Group purchased additional shares in STS.

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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 35 of 182
Sector: Healthcare Services M&A 3 of 24
Type: Buyout (LBO, MBO, MBI) M&A Deals 30 of 144
Country: Bangladesh M&A 1 of 1
Year: 2007 M&A 17 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-01 Compagnie Sahelienne d Industries

Dakar, Senegal

Matforce (the trading name of Compagnie Sahelienne D’industries) was incorporated as a limited liability company by Unilever Senegal in 1971. The former Managing Director and Chairman then bought the company from Unilever in 1989. Matforce has more than 30 years of experience in representation and dealerships of major brands in automobile, water and energy equipment, and offers after-sales services for these activities. The company represents well-known brands such as Hyundai, Cummins, Alfa Laval, Emerson and Airwell. Matforce is also involved in industrial power generation activities, providing power solutions to refineries, mining operations and telecom companies in Senegal and the sub-region.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-17 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.

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