Dubai buyer of Madame Tussauds mulls new investments in Middle East | The National:
"Dubai International Capital (DIC), the private equity firm associated with some of the emirate’s high-profile acquisitions, is ready to start investing in the region again.
The Dubai Holding unit said it would consider a fresh round of Middle East investments as the emirate’s economy rebounds.
It made global headlines during Dubai’s boom years with a series of highly leveraged trophy purchases, including the parent firm of London’s Madame Tussauds and the British hotel operator Travelodge. But as asset prices tumbled following the global financial crisis in 2008 and 2009, it was unable to meet its debt obligations.
“DIC had its own challenges when it came to liabilities and debt and we had to renegotiate with our creditors,” Maissan Al Maskati, the firm’s managing director, said in an interview yesterday."
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