M&A Deal Summary

ZSL Acquires Ducont FZ

On September 1, 2008, ZSL acquired internet software and services company Ducont FZ from GFH Capital

Acquisition Highlights
  • This is ZSL’s 1st transaction in the Internet Software and Services sector.
  • This is ZSL’s 1st transaction in United Arab Emirates.

M&A Deal Summary

Date 2008-09-01
Target Ducont FZ
Sector Internet Software and Services
Buyer(s) ZSL
Sellers(s) GFH Capital
Deal Type Add-on Acquisition

Target

Ducont FZ

Dubai Internet City, United Arab Emirates
UAE’s premium Wireless Application Service Provider with advanced solutions for WAP, SMS, PDA and Internet products. Based out of Dubai Internet City and India.

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Buyer(S) 1

Buyer

ZSL

Chennai, India

Category Company
Founded 1995
Sector Information Technology
Revenue 4.1B INR (2015)
DESCRIPTION

ZSL is an IT services company that focuses on providing onshore, offshore & near shore technology services. Adopting a partnership-driven business model, the company leverages its strategic alliances with system integrators, value added resellers and solution providers world-wide to cater to a large base of domestic and multinational clients. ZSL is based in Chennai, India.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Arab Emirates M&A 1 of 1
Year: 2008 M&A 1 of 1

Seller(S) 1

SELLER

GFH Capital

Dubai, United Arab Emirates

Investor Investor Investor


Category Merchant Bank
PE ASSETS 300M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

GFH Capital is an investment firm focused on growth companies at all stages of development. GFH Capital will consider opportunities in a wide range of sectors, including financial services (asset managers, banks, insurance, consumer finance), healthcare (pharmaceuticals, medical products, healthcare services), TMT (telecommunications, business services, media/information, software, payments processing), energy (oil/gas exploration, power generation, alternative), and consumer/industrial (real estate, building materials, food, consumables). GFH Capital was established by the Islamic Development Bank Group and the Gulf Finance House. The Firm is based in Dubai.


DEAL STATS #
Overall 4 of 4
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
Country: United Arab Emirates M&A 2 of 2
Year: 2008 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-26 Omnix Media Networks

Dubai Media City, United Arab Emirates

Omnix Media Networks, established in 1987 with headquarters in Dubai Media City, UAE, is a leading provider of professional audio visual and computer aided design, information technology, knowledge management, networking, hospitality, security solutions and products in the Middle East.

Sell -