Dubai International Capital

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

[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). Subsequently sold in March 2007 to Merlin Entertainments for £1.03bn, though DIC now has a 20% in the combined company^[2].
Doncasters Group Ltd - 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."^[3]. The acquisition was completed on 7 May 2006

Liverpool F.C. - on 3 December 2006 DIC and English Premier League side Liverpool F.C. revealed that DIC were in exclusive negotiations to potentially buy the football club. Liverpool F.C. had been exploring options of investment in the club for some time after holding talks with a number of interested parties. DIC chief Sameer al-Ansari confirmed they were 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," DIC chief executive Sameer al-Ansari told Bloomberg.com^[4]. DIC later pulled out of a takeover bid with Liverpool F.C after they tried to force Liverpool to come to a decision while the Liverpool board were considering an offer made by American tycoons, George Gillett and Tom Hicks, which they later accepted.[1][2][3]