Dubai International Capital related stories
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DIC joins the clubAfter just two years in business, Dubai International Capital has amassed a $5 billion portfolio of public and private assets. Much more is to come, chief executive Sameer Al Ansari tells PEI Asia.
- Investcorp lists in London
The Bahrain investment group raised $420m in London and boosted its profile with investors, while retaining its domestic quote.
- Embattled SHUAA loses PE head
Anis Bibi has resigned from Dubai-headquartered SHUAA Capital, which is slashing 11% of its workforce amid first quarter losses.
- DIC replaces chief executive
The Dubai-backed private equity outfit has reached agreement over key financial terms with its creditors amid a shakeup in its senior management.
- Deal reduces Bridgepoint stake in Alliance Medical
Bridgepoint lost the bulk of its minority stake in Alliance Medical as part of a restructuring deal, while Dubai International Capital will see its stake in the business reduced from 60% to just 2.5%.
- The odd couple
The fates of two European aluminium businesses raise questions about the combination of private and sovereign capital, writes Toby Mitchenall.
- French sovereign fund teams with Apollo
A French sovereign fund, formed by Nicholas Sarkozy, is teaming with Apollo to make a joint offer for French-based Alcan Engineered Products.
- CVC buys into £2.25bn Merlin
Blackstone retains a ‘significant stake’ in the entertainment group, which owns iconic brands like the London Eye, while DIC has exited completely.
- DIC confirms board dissolution
The firm fell under control of its debt-laden parent, Dubai Holding, in January, the same month Sameer Al Ansari resigned as executive chairman.
- Carlyle takes on DIC's Kump
The former head of European private equity at the Dubai firm, Eric Kump, will make his debut in Carlyle's London office today.