Investment Summary

The Abraaj Group Invests In Karachi Electric Supply

On May 1, 2009, asset manager The Abraaj Group invested in utilities company Karachi Electric Supply

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

Investment Summary
Date 2009-05-01
Target Karachi Electric Supply
Sector Utilities
Investor(s) The Abraaj Group
Deal Type PIPE

Target

Karachi Electric Supply

Karachi, Pakistan
Karachi Electric Supply Company (KESC), incorporated in 1913, is the only remaining vertically integrated power utility in Pakistan with exclusive franchising rights to serve Karachi, Pakistan’s largest city, and its surrounding areas. It has a 2.3 million-strong customer base, a workforce of more than 17,000 employees and is listed on all three Pakistan stock exchanges.

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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 70 of 182
Sector (Utilities) 1 of 1
Type (PIPE) 2 of 3
Country (Pakistan) 3 of 5
Year (2009) 6 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-01 MediaQuest

Dubai, United Arab Emirates

MediaQuest Corp. is a leading media house involved predominantly in the magazine publishing business. It has 4 business divisions, publishing, media representation, conference services, and online media. All business divisions are based out of Dubai and also represented through offices in Saudi Arabia, Tunisia and Algeria.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-01 BBS

Port Moresby, Papua New Guinea

BBS is the holding company for a number of businesses involved in the provision of electronic and manned security solutions. In 2010, BBS formed joint ventures with landowners to provide services to an Exxon-led LNG project. The group is one of the largest suppliers of security services in Papua New Guinea. Offerings include static guards, guard and dog combinations, cash and personnel transport, alarm systems and monitoring, vehicle tracking, security training and uninterrupted power solutions.

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Mergr

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