Q&A With Dubai International Capital’s David Smoot - Middle East Real Time - WSJ:
"Dubai International Capital, the private-equity arm of one of the emirate’s main holding companies, recently agreed to sell industrial packaging firm Mauser for $1.7 billion to a U.S. investor. The deal will help DIC, which once owned Madame Tussauds and Travelodge, further pay down debts it amassed before the financial crisis to fund a global buying spree. The Wall Street Journal sits down with DIC’s Chief Executive David Smoot for an update on the group’s asset disposals, its restructuring and future.
WSJ: Are you currently looking to sell any other of your remaining investments?
Mr. Smoot: “Our entire portfolio, with the exception of land we own [a large plot in the desert] which is strategic from a Dubai perspective, is available for sale. The other major assets, Doncasters and Almatis, we believe there is still lots to play for in both companies so we continue to groom and prepare them.”"
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