Dubai International Capital LLC, a private equity unit owned by the emirate’s ruler, is considering a sale of German industrial packager Mauser AG, people familiar with the plans said.
The investment firm is working with Bank of America Corp.’s Merrill Lynch unit to explore options for the Bruehl, Germany- based company, said the people, who declined to be identified because the process is confidential. Private equity firms will probably look at Mauser, which has annual sales of 1 billion euros ($1.3 billion), said one of the people.
Dubai International, owned by Sheikh Mohammed Bin Rashid Al Maktoum’s Dubai Holding LLC, bought Mauser in 2007 from JPMorgan Chase & Co.’s buyout unit One Equity Partners LLC in a deal valuing the company at 850 million euros. The potential sale comes as several companies in the emirate try to restructure loans after property prices and asset values slumped and credit markets froze.
No comments:
Post a Comment