Hints and tips:
...DIC’s remaining two assets are Doncasters, a UK-based engineering group, and German alumina manufacturer Almatis....
...Similarly, Dubai International Capital bought Almatis, an aluminium producer, with debt worth five-times its earnings in 2007....
...However Alliance Medical is expected to be the last restructuring in DIC’s existing portfolio, having completed restructurings for German alumina business Almatis, Doncasters and Mauser, one of the people...
...DIC has already spent $300m in restructuring its highly leveraged portfolio of European assets – including Travelodge and Almatis, the German alumina business – but it has had its stake in Alliance Medical...
...The Dubai theme persists – Mr Aulsebrook joins fresh from a battle with Oaktree over Dubai International Capital’s German alumina business Almatis, which he advised. people@ft.com...
...The sale of Arizona Chemical builds on a healthy track record of profitable exits for Rhône Capital, including its sale of the Early Learning Centre, the toy store chain, to Mothercare and the sale of Almatis...
...Its latest battle is with Oaktree Capital, the US distressed debt and turnround investor, for control of Almatis, the German alumina producer....
...The move comes after Almatis said it would not make its June interest payment on its debt....
...Dubai International Capital last week agreed to buy chemical group Almatis in a deal worth $1.2bn....
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