(MENAFN- Khaleej Times) Bai International Capital or DIC the private equity arm of Dubai Holding on Monday announced that it has completed the sale of Mauser Group a leading producer of rigid industrial packaging to Clayton Dubilier & Rice for $1.The agreement for this sale was announced on May 12 2014.
David Smoot chief executive officer of DIC said: “This transaction demonstrated DIC’s ability to improve and grow the companies it has invested in to ultimately achieve an attractive value at the point of exit. We are now focused on continuing to enhance the value of our remaining portfolio as we prepare companies for an eventual exit.”
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