Dubai International Capital (DIC), the private equity arm of Dubai Holding, has completed the sale of Mauser Group, a leader in industrial packaging to US-based private equity firm Clayton, Dubilier & Rice for about $1.7 billion.
Travelodge, a leading UK budget hotel chain owned by Dubai International Capital (DIC), said it has agreed a 635 million pound ($999.6 million) debt restructuring that will give lenders control of the business.
However, the deal confirm
Dubai Holding today announced that Dubai International Capital (DIC), its private equity investment arm, has reached a final agreement with its lenders regarding the restructuring of approximately $2.5 billion of liabilities.
Under the ter
Dubai International Capital (DIC), a unit of Dubai Holding, the conglomerate owned by the ruler, has agreed the terms for a $2.4 billion debt restructuring with its creditors, two sources familiar with the situation said on Thursday.
Dubai-based Almulla Group has acquired Ishraq Dubai, which owns many hotels in the UAE, from Dubai International Capital (DIC), the private equity arm of Dubai Holding.
Ishraq Dubai was 51 per cent owned by DIC and 49 per cent by Ishraq Gu
Dubai International Capital (DIC) said it has successfully sold its 45 per cent stake in KEF Holdings, a UAE-based integrated valve manufacturer, to Tyco International for $178 million, thus netting substantial returns.
Dubai International Capital (DIC), the private equity investment arm of Dubai Holding, said it has completed a successful exit from UAE-based KEF Holdings by selling its 45 per stake in the company for a substantial profit.
KEF, a fully in
Dubai Holding's private equity arm DIC will replace its chief executive as major lenders agree to the investment company's plans to restructure $2.6 billion of debt, sources said on Thursday.
Dubai International Capital's (DIC)
Dubai International Capital will not sell any European assets before the end of 2011, its chief investment officer said on Monday, as it waits for their value to rise.
The private equity arm of Dubai Holding, the investment vehicle owned
Dubai International Capital (DIC), the private equity arm of the investment vehicle owned by the ruler of Dubai, has asked creditors for a further delay in repaying a $1.25 billion loan until the end of November, two people familiar with the situa