Dubai International Capital - Holdings

Holdings

DIC's investments across its divisions include:

Private Equity:

  • The Tussauds Group - purchased in 2005 from Charterhouse Capital Partners for £800 million pounds ($1.5 billion). Subsequently sold in March 2007 to Merlin Entertainments for £1.025bn, though DIC now has 18% in the combined company.
  • Doncasters Group Ltd - In May 2006, DIC acquired Doncasters Group Ltd. for £700 million. Doncasters is a British precision-engineering company with plants in Connecticut and Georgia that make precision engineered components and systems for applications in a variety of industries.
  • Travelodge - purchased the UK budget hotel group in 2006 for £675m (1.02bn euros). Travelodge is the fastest expanding hotel chain in Europe
  • Merlin Entertainments Group - In March 2007 DIC merged The Tussauds Group with Blackstone’s Merlin Entertainments Group to create the second largest visitor attractions operator in the world after Disney. DIC received £1.025 bn cash and retained an 18% stake in the combined company.
  • Fastentech - In May 2007 DIC-owned Doncasters acquired FastenTech for US$500m in a bolt-on acquisition from Court Square Capital. FastenTech is a leading international manufacturer of industrial and aerospace-grade fasteners and has a strong presence in the US.
  • Mauser Group - purchased the German industrial packaging company in June 2007 for €850m - one of the world's leading industrial packaging firms.

Emerging Markets:

  • Jordan Dubai Capital: A US$300 million private equity fund dedicated to investments in Jordan, launched in 2005.
  • Ishraq: A US$ 150 million investment company focused on delivering the budget hotel concept across the Middle East, established in 2005.
  • MENA Infrastructure Fund: Launched the US$500 million MENA Infrastructure as co-Anchor with HSBC and Waha Capital in 2006. It targets investments in the infrastructure and energy sectors across the Middle East and North Africa.
  • Rivoli Group: In 2007, DIC acquired a substantial stake in the UAE-based luxury goods retailer.
  • KEF Holdings:DIC acquired a 45% stake in the leading UAE-based foundry in 2008, catering mainly to the oil and gas industry.

Public Equities:

  • Daimler AG:acquired a 2% stake for $1 billion in German carmaker Daimler, making it the company's third largest shareholder in 2005. It was divested in 2007.
  • EADS: acquired a 3.12% stake for $838 million in Europe's largest aircraft and defense manufacturer and Airbus parent company.
  • Sony - acquired a 3% stake for $1.5 billion

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