Dubai International Capital looks to sell three companies for over $2bn


dubai 12_sqPrivate equity firm Dubai International Capital (DIC) is reportedly considering selling its three largest companies for more than $2bn.

DIC is working with investment bank Evercore Partners to gauge investor demand for the companies, said Bloomberg, citing people with knowledge of the matter.

The portfolio that could be sold includes majority stakes in packaging specialist Mauser, aluminium manufacturer Almatis and engineering aerospace group Doncasters Group, said the sources.

The firm, which was founded by Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum, is also running an auction for Mauser and the parallel processes have drawn the ire of potential suitors for the company, said the report.

Copyright © 2014 AltAssets