DUBAI, March 5 /PRNewswire/ -- Dubai International Capital LLC, the
international investment arm of Dubai Holding, today announces the
following:
"Dubai International Capital has never expressed an opinion on the
investment merits or financial condition of Citi. Further, we have not been
privy to any non-public information about the Company, neither has Citi
approached Dubai International Capital for a capital raise. Dubai
International Capital maintains an ongoing relationship with Citi and has
substantial respect for the Company."
About Dubai International Capital LLC:
DIC Private Equity, which comprises of a team of 12 investment
professionals, invests mainly in secondary buyouts in developed markets and
has acquired businesses in a range of sectors in Europe and North America.
Acquisitions include the UK leisure company Tussauds Group for (pounds)
800m (later merged with Merlin Entertainments; DIC retains a 20% stake),
the UK engineering company Doncasters for (pounds) 700m, the US engineering
company FastenTech for $492m, the UK hotel chain Travelodge for (pounds)
675m, the German industrial packaging manufacturer Mauser for (euro) 850m,
the UK healthcare company Alliance Medical for (pounds) 600m, and the
German producer of specialty alumina Almatis.
DIC Private Equity is a division of DIC, an international investment
company which was established in 2004 and is focused on both private equity
and public equity. A wholly-owned subsidiary of Dubai Holding, DIC manages
an international portfolio of diverse assets that provide its stakeholders
with value growth, diversification, and strategic investments. Assets under
management total over US $12 billion.
DIC Global Equities makes structured investments in large-cap, global
equities, either directly or via DIC's US $2 billion Global Strategic
Equities Fund (GSEF). The GSEF has acquired substantial stakes in HSBC,
EADS, and Sony Corporation. DIC has directly invested in a 2.87% stake in
the Indian financial services firm ICICI.
DIC has also taken a strategic 9.9% stake in Och-Ziff, an alternative
asset management firm based in New York.
DIC Emerging Markets invests in a range of asset classes in emerging
markets. Private equity investments include a significant stake in the UAE-
based luxury retailer Rivoli Group. DIC has also established sector or
country-specific investment funds such as Ishraq, a US $150 million
investment company bringing the Holiday Inn Express brand to the Middle
East; the US $500 million MENA Infrastructure Fund, which invests in
infrastructure projects in the Middle East and North Africa, and Jordan
Dubai Capital, a US $300 million investment company that targets private
equity opportunities in Jordan. DIC is a founding shareholder of Dubai
Aerospace Enterprise and has a joint venture with CBRE that provides real
estate asset management services.
DIC Asset Management (DICAM) arranges and promotes the investment
funds. DICAM is regulated by the Financial Services Authority and holds a
Category 4 licence.
Information about Dubai International Capital LLC is available at:
http://www.dubaiic.com.
For enquiries, please contact:
Dubai International Capital LLC
Jehad Saleh
Email: Jehad.Saleh@dubaiic.com
Brunswick for Dubai International Capital LLC
Alex Blake-Milton (UAE)
Tel: +971 50 694 7589 (mobile)
+971 4 365 8263 (office)
SOURCE Dubai International Capital LLC
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Related links:
http://www.dubaiic.com
CONTACT:
Jehad Saleh of Dubai International Capital
LLC, Jehad.Saleh@dubaiic.com; Alex Blake-Milton (UAE), +971 4 365
8263, (mobile) +971 50 694 7589, of Brunswick for Dubai
International Capital LLC
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