Investment Summary

The Abraaj Group Invests In Fibrex

On January 1, 2007, asset manager The Abraaj Group invested in construction company Fibrex

Investment Highlights
  • This is The Abraaj Group’s 3rd transaction in the Construction sector.
  • This is The Abraaj Group’s 1st transaction in Angola.

Investment Summary

Date 2007-01-01
Target Fibrex
Sector Construction
Investor(s) The Abraaj Group
Deal Type Stake Purchase

Target

Fibrex

Luanda, Angola
Fibrex is an Angola-based manufacturer of high-density polyethylene (HDPE) and other low-pressure plastic pipe products used in the construction industry. Established in 1966, Fibrex has grown into one of the leaders in the plastic pipes and fittings market in Angola, producing primarily for the building material and construction sectors.

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Investor(S) 1

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 21 of 182
Sector: Construction M&A 3 of 17
Type: Stake Purchase M&A Deals 1 of 6
Country: Angola M&A 1 of 1
Year: 2007 M&A 3 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Vejthani Hospital

Klongchan Bang Kapi, Thailand

Vejthani Hospital provides health care facilities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-22 Ramky Infrastructure

Hyderabad, India

Ramky Infrastructure, based in Hyderabad, is a key player in the rapidly expanding Indian infrastructure-construction and development industry. The company provides contracting services in the construction of roads, highways, industrial buildings, housing, irrigation canals, and water and drainage systems.

Buy Rs125M