M&A Deal Summary

Dubai International Capital Acquires Almatis

On November 2, 2007, private equity firm Dubai International Capital acquired chemicals company Almatis from Ontario Teachers Pension Plan and Rhône Group for 1.2B USD

Acquisition Highlights
  • This is Dubai International Capital’s 1st transaction in the Chemicals sector.
  • This is Dubai International Capital’s largest (disclosed) transaction.
  • This is Dubai International Capital’s 2nd transaction in Germany.
Investment Fate
  • Almatis was sold to a strategic buyer in 2015.

M&A Deal Summary
Date 2007-11-02
Target Almatis
Sector Chemicals
Buyer(s) Dubai International Capital
Sellers(s) Ontario Teachers Pension Plan
Rhône Group
Deal Type Secondary Buyout
Deal Value 1.2B USD

Target

Almatis

Frankfurt, Germany
Almatis GmbH is a manufacture and supply of premium alumina and alumina-based products.

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Buyer(S) 1

Buyer

Dubai International Capital

Dubai, United Arab Emirates
Category Private Equity Firm
Founded 2004
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Dubai International Capital is private equity firm focused on a broad range of investments in the Middle East, Western Europe, and North America. The Firm is a subsidiary of Dubai Holding and was formed in 2004.

DEAL STATS #
Overall 7 of 12
Sector (Chemicals) 1 of 1
Type (Secondary Buyout) 2 of 4
Country (Germany) 2 of 2
Year (2007) 3 of 5
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-24 Rivoli Group

Dubai, United Arab Emirates

Rivoli Group offers watches, eyewear, jewelry, leather accessories, and writing instruments. The Group has established a reputation as one of the largest importers, distributors, and retailers of luxury products with over 300 stores in the region. Rivoli Group was founded in 1988 and is based in Dubai, United Arab Emirates.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-05 Alliance Medical

Warwick, United Kingdom

Alliance Medical provides a range of diagnostic imaging services (including MRI, CT and PET) used in both private and publicly owned hospitals across Europe. Alliance Medical was founded in 1989 and is based in Warwick, United Kingdom.

Buy £600M

Seller(S) 2

SELLER

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Pension
Founded 1990
PE ASSETS 242.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.

DEAL STATS #
Overall 7 of 73
Sector (Chemicals) 1 of 1
Type (Secondary Buyout) 2 of 20
Country (Germany) 1 of 5
Year (2007) 3 of 3
Size (of disclosed) 12 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-06 Glass Lewis

San Francisco, California, United States

Glass Lewis is a provider of global governance services, helping institutional investors understand and connect with the companies they invest. Glass Lewis was founded in 2003 and is based in San Francisco, California.

Buy $46M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-21 Canbriam Energy

Calgary, Alberta, Canada

Canbriam Energy Inc. is a private company focused on unconventional resource exploration and development. Canbriam Energy was founded in 2007 and is based in Calgary, Canada.

Buy $300M
SELLER

Rhône Group

New York, New York, United States
Category Private Equity Firm
Founded 1996
PE ASSETS 8.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Rhône Group is a private equity and financial advisory firm focused on large-scale buyouts across North America and Western Europe. Areas of interest include energy, materials, industrials, retail, consumer products, healthcare, and financial services. Rhône was formed in 1995 and has offices in New York, Paris, and London.

DEAL STATS #
Overall 3 of 17
Sector (Chemicals) 1 of 3
Type (Secondary Buyout) 2 of 6
Country (Germany) 1 of 3
Year (2007) 3 of 3
Size (of disclosed) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-29 Early Learning Centre

Watford, United Kingdom

Early Learning Centre was founded in 1974 to provide a range of "learning through play" toys for pre-school age children (0-6 years). The company has grown to become one of the leading UK retailers in its sector with 213 stores throughout the country. ELC products are also available in 54 Debenhams stores and 300 Sainsbury's stores in the UK.

Sell £85M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-30 InfOTE SA

Athens, Greece

InfOTE SA is a Greek yellow pages directory. InfOTE is based in Athens, Greece.

Buy €310M
Mergr

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