| 03 Dec 2008 |
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Dubai International Capital Honoured by Dubai Corporate Counsel Group
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DICDIC
's legal team voted "Best Local Corporate In-House Legal Team of the Year" at DCCG 2008 Corporate Counsel AwardsDubai: 3 December 2008 - Dubai International Capital LLC ('DIC')Dubai International Capital LLC ('DIC')
announced today it was named the "Best Local Corporate In-House Legal Team of the Year" at the Dubai Corporate Counsel Group ('DCCG') 2008 Corporate Counsel Awards held recently in Dubai. The annual independent awards recognise the UAE's leading in-house counsel for significant achievements across the full spectrum of in-house responsibilities. The winners were selected from a large pool of nominations submitted by the legal community at large in response to an open call for nominations.
Andrew Wright, Managing Director - Legal, DICDIC
, said: "This win is a fantastic achievement and reiterates the strength of our legal team on the many transactions that we have worked on in the last year. We were up against some of the leading companies in the region, and this win is a testament to DICDIC's ability to attract and retain some the best legal minds in our industry."The voting for the awards was done by a distinguished panel of judges comprised of leading international law firms and publications, including Ewan Cameron, Managing Partner, Linklaters; Sadiq Jafar, Managing Partner, Hadef; Rindala Beydoun, Managing Partner, Latham & Watkins; and Simon Crompton, Editor, International Financial Law Review.
Justin A. Connor, the acting Chairman of the DCCG, said: "This year's winners exemplify the creativity, drive and determination of the UAE's in-house counsels, and their efforts to provide superb service to their clients. We applaud their leadership and are happy to celebrate their accomplishments tonight. We know that we cannot honor all the terrific people and departments among us, but I believe that by highlighting the remarkable accomplishments of a select few, we elevate the profile of all in-house counsel and promote the in-house practice of law."
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About Dubai International CapitalDubai International Capital
LLC: Established in 2004, DICDIC
is an international investment company with offices in Dubai and London focused on both private equity and public equity. A wholly-owned subsidiary of Dubai Holding, DICDIC manages an international portfolio of diverse assets that provide its stakeholders with value growth, diversification, and strategic investments. Assets under management total over US$13 billion. DICDIC focuses on three asset classes:- DICDIC Private Equity: invests mainly in secondary buyouts in developed markets where it backs strong existing management teams over a medium to long time horizon. DICDIC PE has acquired businesses in a range of sectors in Europe and North America including:
- UK leisure company Tussauds Group for £800m (later merged with Merlin Entertainment Group to create the world's second largest visitor attractions; DICDIC retains a 20% stake)
- UK engineering company Doncasters for £700m
- US engineering company FastenTech for $492m (later merged Doncasters with Fastentech creating world leader in turbine manufacture)
- UK hotel chain Travelodge for £675m,
- German industrial packaging manufacturer Mauser for €850m
- UK healthcare company Alliance Medical for £600m
- German producer of specialty alumina Almatis for US$ 1.2 billion
- DICDIC Global Equities: makes structured investments in large-cap, Fortune 500 global equities, that are forecast to deliver above average returns over the long term, either directly or via DICDIC's US$1.4 billion Global Strategic Equities Fund (GSEF).
Equity investments: include significant stakes in the UAE-based luxury retailer Rivoli Group and Singapore-based True Group, a leading provider of wellness services in South East Asia, KEF Holdings a UAE based manufacturer of steel castings and valves, in addition to a US$200 million investment in Oger Telecom, a leading regional telecom conglomerate.
Sector / country-specific investment funds: DICDIC has established several such as Ishraq, a US$150 million investment company bringing the Holiday Inn Express brand to the Middle East; the US$500 million MENA Infrastructure Fund, which invests in infrastructure projects in the Middle East and North Africa, and Jordan Dubai Capital, a US$300 million investment company that targets private equity opportunities in Jordan and most recently China Dubai Capital, a US$1 billion fund that will target opportunities in China's growing economy.
DICDIC was named MENA Private Equity Firm of the Year in the 6th annual Awards for Excellence in Private Equity Europe 2008, organised by Dow Jones Private Equity News.
Information about Dubai International CapitalDubai International Capital LLC is available at: www.dubaiic.com.
About Dubai Corporate Counsel Group ("DCCG"):
Founded in June 2007, the Dubai Corporate Counsel Group ("DCCG") is the first group in-house counsel in the Middle East. Led by its 12-member Steering Committee, the DCCG has quickly established itself as a leading regional legal organisation. The DCCG has more than 75 members and has established valuable partnerships with leading international and national law firms, executive search firms and publishers. The DCCG was created by in-house counsel themselves coming together to promote the in-house practice of law in the Gulf. The DCCG is a critical part of the explosive growth of the legal sector in this exciting, dynamic and fast-developing region. For more information, visit: www.dccg.org
For further information please contact:
Dubai International CapitalDubai International Capital LLC
Mark Lunn
Tel: +9714 362 1888
Email: mark.lunn@dubaiic.com
Jehad Saleh
Tel: +9714 362 1888
Email: jehad.saleh@dubaiic.com
JiWin for Dubai International CapitalDubai International Capital LLC
Maliha Aqeel
Tel: +9714 361 3598
Mob: +97150 6331976
Email: maliha.aqeel@jiwin.ae
© Press Release 2008
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