Aramex Set to Join ADQ Portfolio with Lucrative Buyout Offer

Deal News | Jan 13, 2025 | Zawya

Aramex Set to Join ADQ Portfolio with Lucrative Buyout Offer

ADQ, the sovereign wealth fund of Abu Dhabi, through its subsidiary Q Logistics Holding LLC, has announced a voluntary conditional cash offer to acquire up to 100% of the issued share capital of Aramex, a Dubai-listed courier firm. This offer, not including shares already owned by Abu Dhabi Ports Co., would see Aramex stockholders receive 3 dirhams per share, a 33% premium over the recent share price of AED 2.25. Abu Dhabi Ports, currently holding 22.69% of Aramex shares, is majority owned by ADQ, holding 75.42%. Aramex’s board is set to review the offer in their upcoming meeting. The announcement has already led to a significant increase in Aramex's share price, demonstrating the market's positive reaction to the acquisition proposal.

Sectors

  • Logistics and Transportation
  • Private Equity and Investment

Geography

  • United Arab Emirates – The companies involved, ADQ, Aramex, and Abu Dhabi Ports Co., are all based in UAE, reflecting the region's significance in the transaction.

Industry

  • Logistics and Transportation – The article is focused on Aramex, a company within the courier and logistics sector, which involves transportation and delivery services.
  • Private Equity and Investment – The transaction involves ADQ, a sovereign wealth fund engaged in private equity and large-scale investment activities.

Financials

  • 3 AED per share – The cash offer per share price offered to Aramex shareholders.
  • 33% premium – The premium offered over Aramex's last share price of AED 2.25 as of January 9, 2025.

Participants

NameRoleTypeDescription
ADQAcquirerCompanyA sovereign wealth fund of Abu Dhabi, intending to acquire Aramex.
AramexTarget companyCompanyA Dubai-listed courier firm, subject to the acquisition offer from ADQ.
Q Logistics Holding LLCBidding companyCompanyA subsidiary of ADQ making the acquisition offer for Aramex.
Abu Dhabi Ports Co.Current ShareholderCompanyCurrently holds 22.69% of Aramex shares and is 75.42% owned by ADQ.