Divestiture • Communications

The Abraaj Group Acquires Tunisie Télécom

On December 13, 2017, asset manager The Abraaj Group acquired communications company Tunisie Télécom from Emirates International Telecommunications

Acquisition Context
  • This is The Abraaj Group’s 1st transaction in the Communications sector.
  • This is The Abraaj Group’s 9th transaction in Tunisia.

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M&A Deal Summary

Date December 13, 2017
Target Tunisie Télécom
Sector Communications
Buyer(s) The Abraaj Group
Sellers(s) Emirates International Telecommunications
Deal Type Divestiture

Target Company

Tunisie Télécom

Tunis, Tunisia
Tunisie Telecom is the incumbent integrated telecom services operator in Tunisia and serves over five million customers. The Company has state-of-the-art infrastructure, operating a national structure of fixed networks and fiber which enables connectivity to Europe, Africa and Asia, as well as providing the most extensive 3G and 4G mobile coverage in the country. The Company holds a strong competitive position, as it is the leading player in fixed voice and fixed broadband in the Tunisian market.
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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 182 of 182
Sector: Communications 1 of 1
Type: Divestiture 3 of 3
Country: Tunisia 9 of 9
Year: 2017 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-10 QBCo.S.A.

Valle del Cauca, Colombia

QBCo.S.A. is a largest private label food manufacturing company in Colombia. Company focusing on four categories: edible oils, margarines, preserves/canned food and pet food. Today, the Company offers more than 55 products to over 150 clients in Colombia, Panamá, Ecuador and the United States. Its production facility, located in Buga, Valle del Cauca, employs around 400 staff. QBCo is certified under international standards of quality with ISO 9001, Kosher and HACCP, and is currently in the process of obtaining an International Featured Standard (IFS) certificate.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-18 Continental Warehousing

Navi Mumbai, India

Continental Warehousing is a multi-modal logistics player with a pan-India presence and is one of the leading warehousing and logistics service providers in the private sector in the country today. Continental Warehousing was formed in 1954 and is based in Navi Mumbai, India.

Sell -

Seller Profile 1

SELLER

Emirates International Telecommunications

Dubai, United Arab Emirates

Category Company
Founded 2006
Sector Financial Services
DESCRIPTION

Emirates International Telecommunications LLC is an investment company invests in communication sector.


Deal Context for Seller #
Overall 2 of 2
Sector: Communications 2 of 2
Type: Divestiture 1 of 1
Country: Tunisia 1 of 1
Year: 2017 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-30 Interoute Communications

London, United Kingdom

Interoute Communications Ltd. is a provider of connectivity, communications and computing services to international enterprises, global telecommunication service providers, mobile operators, governments and channel partners. Interoute Communications was founded in 2002 and is based in London, United Kingdom.

Sell -

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