Dubai International Capital

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Dubai International Capital (DIC) was established in October 2004 as the international investment arm of Dubai Holding.

1 Holdings
2 Proposed purchases
- 2.1 Doncasters Group
- 2.2 Liverpool F.C.
3 References
4 External link

[edit] Holdings

The purpose of DIC is to create a return for its shareholder, Dubai Holding and eventually the Dubai government. Its investments include:

DaimlerChrysler - acquired a 2% stake for $1 billion in German-US carmaker DaimlerChrysler, making it the company's third largest shareholder.
Travelodge - purchased the UK budget hotel group in 2006 for £675m (1.02bn euros). Now the fastest expanding hotel chain in the Europe^[1]
The Tussauds Group - purchased in 2005 from Charterhouse Capital Partners for £800 million pounds ($1.5 billion)
The London Eye

[edit] Proposed purchases

[edit] Doncasters Group

On 2 March 2006, The Washington Post reported that DIC plans to buy Doncasters Group Ltd., a British precision-engineering company with plants in Connecticut and Georgia that make precision parts used in engines for military aircraft and tanks. The company said in a statement it is confident the U.S. government will approve its $1.2 billion offer. It said it was pursuing all U.S. regulatory approvals "as is customary for international business transactions of this nature."^[2]

[edit] Liverpool F.C.

On 3 December 2006 DIC and English Premier League side Liverpool FC revealed that DIC was in exclusive negotiations to potentially buy the football club.

The Reds have been exploring options of investment in the club for some time after holding talks with a number of interested parties. Widespread reports over the weekend suggested Liverpool were close to agreeing a takeover deal with some investors. DIC chief Sameer al-Ansari confirmed they are in talks with Liverpool officials regarding an investment: "Liverpool's investment requirements are well publicised. We hope we can agree a deal that will provide us with the opportunity to fund its needs both on and off the pitch," told Bloomberg.com^[3]