Investment Summary

The Abraaj Group and Danone Invest In Fan Milk International A/S

On June 24, 2013, asset manager The Abraaj Group and Danone invested in food company Fan Milk International A/S

Investment Highlights
  • This is The Abraaj Group’s 7th and Danone’s 19th transaction in the Food sector.
  • This is The Abraaj Group’s 1st and Danone’s 2nd transaction in Denmark.

Investment Summary

Date 2013-06-24
Target Fan Milk International A/S
Sector Food
Investor(s) The Abraaj Group
Danone
Deal Type Stake Purchase

Target

Fan Milk International A/S

Aalborg, Denmark
Fan Milk International A/S, a manufacturer and distributor of frozen dairy products and juices in West Africa. Fan Milk has grown rapidly through a unique distribution network and currently operates in the markets of Ghana, Nigeria, Togo, Burkina Faso, Benin and Ivory Coast.

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Investor(S) 2

Investor

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 145 of 182
Sector: Food M&A 7 of 11
Type: Stake Purchase M&A Deals 4 of 6
Country: Denmark M&A 1 of 1
Year: 2013 M&A 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-29 Unitrio Technology Co.

Bangkok, Thailand

Unitrio Technology (UNT) is a turnkey designer and builder of data center facilities and a distributor of IT support equipment. The company has more than 30 customers ranging across government, state enterprises and the private sector, including in telecommunications, banking and education. UNT has six service centers across the country and teams of technical engineers and data center operations experts who can provide 24/7 support to customers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-16 Plastic Electromechanic Company

Zaghouan, Tunisia

Established in 2004 as a plastic injection company, PEC has grown to become an industrial group which has expanded its client base, products, industry and country exposure. It now serves top tier clients in sectors including the automotive, electrical and healthcare industries in Europe and the US.

Buy -
Investor

Danone

Paris, France

Category Company
Founded 1899
Sector Food
Employees89,528
Revenue 27.4B EUR (2024)
DESCRIPTION

Danone is a food & beverage company built on four businesses: Essential Dairy and Plant-Based Products, Waters, Early Life Nutrition, and Medical Nutrition. Danone was founded in 1899 and is based in Paris, France.


DEAL STATS #
Overall 34 of 41
Sector: Food M&A 19 of 24
Type: Stake Purchase M&A Deals 11 of 13
Country: Denmark M&A 2 of 2
Year: 2013 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-13 Nurture

New York,, New York, United States

Happy Family is one of the most innovative and dynamic companies in the US baby food sector, where it holds over 4% of the market. Happy Family has been a driver in the baby food category's growth over the past few years. Its robust development is driven by a wide and varied range of products that combine convenience with clearly defined nutritional benefits.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-12 The YoCrunch Co.

Naugatuck, Connecticut, United States

The YoCrunch Co. LLC is a yogurt manufacturer and marketer.

Buy -