DIC Said to Weigh Combined Sale of Three Largest Firms - Bloomberg

DIC Said to Weigh Combined Sale of Three Largest Firms - Bloomberg:



"Dubai International Capital LLC, the private-equity unit owned by the emirate’s ruler, is exploring a combined sale of its three largest companies in a deal worth more than $2 billion, people with knowledge of the matter said.



DIC is working with investment bank Evercore Partners Inc. (EVR) to gauge investor demand for the businesses, said the people, who asked not to be identified because the information is private. The portfolio includes majority stakes in packaging specialist Mauser AG (MAU) and aluminum manufacturer Almatis GmbH of Germany as well as U.K. engineering aerospace group Doncasters Group Ltd., the people said.



The assets are drawing interest from private-equity firms that specialize in buying a group of companies from buyout firms, known as secondary direct deals, the people said.



The Dubai-based firm is exploring the portfolio sale even as it simultaneously runs an auction for Mauser independently, said the people. The parallel processes have drawn the ire of potential buyers for Mauser, according to one of the people familiar with the situation."



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