Dubai International Capital LLC

Type: Company
Name: Dubai International Capital LLC
First reported Sep 11 2014 - Updated Sep 11 2014 - 1 reports

August’s top stories: Marriott plans 150 hotels in Africa, 144 UK hotels bought

Marriott International revealed plans for more than 150 hotels across 16 African countries between 2014 and 2020, while Goldman Sachs Group, Goldentree Asset Management and Avenue Capital Group agreed to acquire 144 hotels in UK. Hotelmanagement-network.com ... [Published Hotel Management Network - Sep 11 2014]
First reported Sep 08 2014 - Updated Sep 08 2014 - 2 reports

Travelodge returns to profit and creates 206 jobs

Budget hotel chain Travelodge made a £5.6m operating profit in 2013 – its first positive result since its financial restructuring in 2012 – and is creating 206 jobs in the run-up to Christmas.Despite a pre-tax loss of £56.8m (with revenue at £432.6m), ... [Published Big Hospitality - Sep 08 2014]
First reported Sep 08 2014 - Updated Sep 08 2014 - 1 reports

MHP hires Instinctif's Mark Lunn to strengthen financial offering

Lunn joins as a director following three years at Instinctif, where he was a partner in the financial services team.Previously he held in-house roles as head of corporate comms at sovereign wealth fund Dubai International Capital and ICG, the FTSE 250 ... [Published PR Week UK - Sep 08 2014]
First reported Sep 08 2014 - Updated Sep 08 2014 - 1 reports

New director for MHP Financial

Mark Lunn has joined MHP as a director in its financial practice.Mark Lunn joins as a Director from Instinctif Partners in London where he spent three years as a partner in the financial services team. Previously he held in-house roles as Head of Corporate ... [Published GorkanaPR - Sep 08 2014]
First reported Sep 08 2014 - Updated Sep 08 2014 - 1 reports

Travelodge reveals £56.8 million loss

Budget hotel chain Travelodge made a pre-tax loss of £56.8 million on revenues of £432.6 million last year.Accounts filed at Companies House show that the chain had total debts of £484.5 million at the end of December 2013 compared to more than £1 billion ... [Published Travel Weekly - Sep 08 2014]
First reported Sep 05 2014 - Updated Sep 05 2014 - 1 reports

Travelodge still £57m in the red as it recovers from 'annus horribilis'

Budget hotel group made a pre-tax loss of £56.8m in the year to December 31 2013 but insists it is making "good progress" Budget hotel chain Travelodge remained almost £57m in the red last year, as it continues to recover from its near escape from collapse ... [Published Telegraph - Sep 05 2014]
First reported Aug 26 2014 - Updated Aug 26 2014 - 1 reports

Goldman, Goldentree, Avenue Capital to acquire 144 UK hotels

Goldman Sachs Group (GS), Goldentree Asset Management and Avenue Capital Group have agreed to acquire 144 hotels that are already leased to their previously acquired company Travelodge Hotels.The value of the deal is around £500m, with all of the 144 ... [Published Hotel Management Network - Aug 26 2014]
First reported Aug 26 2014 - Updated Aug 26 2014 - 2 reports

'Dubai and Abu Dhabi corporates should consider merging'

More Dubai and Abu Dhabi corporate giants should consider merging, according to Sameer Al Ansari, one of HH Sheikh Mohammed Bin Rashid Al Maktoum’s former advisors.“I don’t know about the politics of Dubai and Abu Dhabi but I think there are opportunities ... [Published Arabianindustry.com - Aug 26 2014]
First reported Aug 25 2014 - Updated Aug 25 2014 - 1 reports

British Ebola victim evacuated from Sierra Leone

Cover StoryThe insider Sameer Al Ansari is one of few people to have seen the rise, fall and rebirth of Dubai from an insider’s perspective. In an exclusive interview, the former head of Dubai International Capital describes how the crash happened and ... [Published Arabian Business - Aug 25 2014]
First reported Aug 24 2014 - Updated Aug 24 2014 - 1 reports

The insider: Sameer Al Ansari

The psychology behind business is something about which Sameer Al Ansari seems to give plenty of thought. As we sit in a plush boardroom in Dubai International Financial Centre — the emirate’s economic nucleus — issues such as human nature, motivation ... [Published Arabian Business - Aug 24 2014]
First reported Aug 20 2014 - Updated Aug 20 2014 - 1 reports

Goldman Sachs and Goldentree to buy 144 U.K. hotels leased to Travelodge

Goldman Sachs Group (GS), Goldentree Asset Management and Avenue Capital Group, which acquired Travelodge Hotels in a debt restructuring in 2012, agreed to buy 144 U.K. hotels leased to the company.The hotels are owned by Lloyds Banking Group (LLOY), ... [Published Hospitality World Network - Aug 20 2014]
First reported Jul 21 2014 - Updated Jul 21 2014 - 1 reports

Q&A With Dubai International Capital’s David Smoot

Chief Executive Smoot says DIC’s goal is to be debt-free by 2016.Nicolas Parasie for The Wall Street Journal Dubai International Capital, the private-equity arm of one of the emirate’s main holding companies, recently agreed to sell industrial packaging ... [Published WSJ.com: Private Equity Beat - Jul 21 2014]

Quotes

He added: "Mark brings senior experience to the team that will be very helpful in continuing our growth."
"We are pleased to have returned to an operating profit and are strongly outperforming the market this year," the spokesman said. "We also continue to make good progress on the restructuring."

More Content

All (26) | News (17) | Reports (0) | Blogs (6) | Audio/Video (0) | Fact Sheets (3) | Press Releases (0)
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August’s top stories: Marriott plans 150 hotels... [Published Hotel Management Network - Sep 11 2014]
Travelodge returns to profit and creates 206 jobs [Published Big Hospitality - Sep 08 2014]
MHP hires Instinctif's Mark Lunn to strengthen ... [Published PR Week UK - Sep 08 2014]
New director for MHP Financial [Published GorkanaPR - Sep 08 2014]
Travelodge creates 206 new jobs despite continu... [Published Travel Mole - Sep 08 2014]
Travelodge reveals £56.8 million loss [Published Travel Weekly - Sep 08 2014]
Travelodge still £57m in the red as it recovers... [Published Telegraph - Sep 05 2014]
Irwin Mitchell, Jones Day and K&E advise on £52... [Published The Lawyer - Aug 29 2014]
Goldman, Goldentree, Avenue Capital to acquire ... [Published Hotel Management Network - Aug 26 2014]
'Dubai and Abu Dhabi corporates should consider... [Published Arabianindustry.com - Aug 26 2014]
More Dubai and Abu Dhabi companies should merge... [Published Arabian Business - Aug 26 2014]
British Ebola victim evacuated from Sierra Leone [Published Arabian Business - Aug 25 2014]
The insider: Sameer Al Ansari [Published Arabian Business - Aug 24 2014]
Some of Dubai’s ‘big names’ should have been al... [Published Arabian Business - Aug 24 2014]
Goldman Sachs and Goldentree to buy 144 U.K. ho... [Published Hospitality World Network - Aug 20 2014]
DIC completes sale $1.7bn sale of Mauser [Published Trade Arabia - Aug 04 2014]
Q&A With Dubai International Capital’s David Smoot [Published WSJ.com: Private Equity Beat - Jul 21 2014]
The Morning Leverage: Hillshire Brands Buying P... [Published WSJ.com: Private Equity Beat - May 12 2014]
Dubai sells Mauser to CD&R – Reuters [Published PE Hub Blog - May 12 2014]
Private Equity Group to Buy Mauser for $1.7 Bil... [Published DealBook - May 12 2014]
CD&R in advanced talks to buy Germany’s Mauser-... [Published PE Hub Blog - May 09 2014]
Private equity firm CD&R frontrunner for Dubai-... [Published PE Hub Blog - Mar 24 2014]
Travelodge might shut 150 worst performing hotels [Published Topnews.in - Aug 18 2012]
Fact Sheet for Dubai International Capital LLC [Published Silobreaker - Dec 03 2009]
Fact Sheet for Zabeel Investments [Published Able2Act - Feb 21 2008]
Fact Sheet for Dubai Aerospace Enterprise [Published Able2Act - Sep 05 2007]
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Q&A With Dubai International Capital’s David Smoot [Published WSJ.com: Private Equity Beat - Jul 21 2014]
Chief Executive Smoot says DIC’s goal is to be debt-free by 2016.Nicolas Parasie for The Wall Street Journal Dubai International Capital, the private-equity arm of one of the emirate’s main holding companies, recently agreed to sell industrial packaging ...
The Morning Leverage: Hillshire Brands Buying P... [Published WSJ.com: Private Equity Beat - May 12 2014]
Mike Lucas for Dow Jones Top story in this morning’s LBO Wire: Tailwind Capital has agreed to sell generic pharmaceuticals company VersaPharm for $440 million to Akorn , a price that translates to roughly 11 times VersaPharm’s earnings before interest, ...
Dubai sells Mauser to CD&R – Reuters [Published PE Hub Blog - May 12 2014]
Reuters – Private equity firm Clayton Dubilier & Rice (CD&R) has agreed a deal to buy Germany-based packaging group Mauser from Dubai International Capital (DIC) for around 1.25 billion euros ($1.72 billion), two sources familiar with the matter said ...
Private Equity Group to Buy Mauser for $1.7 Bil... [Published DealBook - May 12 2014]
Clayton, Dubilier & Rice will acquire Mauser from Dubai International Capital, which bought the German industrial packaging company for $1.1 billion in 2007. ...
CD&R in advanced talks to buy Germany’s Mauser-... [Published PE Hub Blog - May 09 2014]
(Reuters) – Private equity firm Clayton Dubilier & Rice is in advanced talks to buy Germany-based packaging group Mauser from Dubai International Capital (DIC) for around 1.2 billion euros ($1.7 billion), banking sources said on Thursday. DIC ...
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