(MENAFN) Clayton Dubilier & Rice (CD&R) has recently signed an agreement with Dubai International Capital (DIC) to purchase Germany-based packaging group Mauser for about USD1.72 billion, according to Arab News.
The deal will be the largest deal by a state-owned investment fund since the debt crisis the emirate faced at the turn of the decade.
CD&R plans to buy Mauser, which works on packaging equipment such as cans and drums for transporting medical waste and other hazardous chemicals.
The Dubai fund, part of Dubai Holding, was advised by Bank of America-Merrill Lynch on the purchase deal. CD&R was assisted by Credit Suisse.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.