MAUSER AG to be acquired by Dubai International Capital LLC
OEP to sell its stake after successfully developing MAUSER into a world market leader
- Dubai International Capital LLC will support MAUSER on its way to further growth.
- Transaction values MAUSER at EUR 850 million.
- CEO Stefan Müller-Arends: “With Dubai International Capital MAUSER has gained a solid long-term investor that gives us the right backing to continue with our successful growth strategy”
Brühl, April 30, 2007 - MAUSER AG today announced that One Equity Partners LLC (OEP) has agreed to sell its stake in MAUSER AG to Dubai International Capital LLC ('DIC'), the international investment arm of Dubai Holding. DIC will further support the existing strategy pursued by the management. Its focus will remain on further growth, especially into Asia. The transaction values MAUSER at EUR 850 million.
Stefan Müller-Arends, CEO of MAUSER AG, said: "This transaction is a win-win situation for all participants. MAUSER secures a solid long-term investor that gives us the right backing to continue our successful growth strategy".
In May 2003, OEP, an investment subsidiary of JP Morgan Chase & Company, Inc., acquired the
industrial packaging specialist MAUSER and supported the company's rapid development. Since the investment of OEP, the company's annual revenues have grown from around EUR 250 million to roughly EUR 1 billion expected for 2007. Today MAUSER is a world market leader in industrial packaging with approximately 3,700 employees operating in more than 50 locations across Europe, North America, Latin America and Asia.
At the end of 2006, MAUSER acquired the industrial packaging business of Brazilian manufacturer Metalúrgica Barra do Pirai S.A., and extended its reach to Latin America. This transaction reflects the company's latest significant step towards growth and internationalization.
Sameer Al Ansari, Executive Chairman and Chief Executive Officer of DIC, said : "We are very pleased with today's announcement. As responsible long-term investors, we believe that this is an excellent deal for both MAUSER and DIC, and we will continue to back its successful growth strategy. It is in line with DIC's strategy that involves backing incumbent management and investing in the businesses we acquire. There is also plenty of opportunity through growth, consolidation and integration benefits for MAUSER's markets.
Acquiring MAUSER is another important phase of expanding DIC's European and international portfolio of diverse assets which varies from the entertainment sector, to automotive, industrials and hotels. Looking ahead, DIC is an investor that has considerable resources at our disposal, with over US$ 6bn of assets under management both internationally and in Europe."
JPMorgan is acting as M&A advisor to OEP and BNP Paribas to DIC in this transaction.
The sale and purchase agreement is conditional upon receipt of all appropriate anti trust approvals.
About MAUSER AG
MAUSER AG is a leading producer of industrial packaging with approx. 3,700 employees and revenues of
roughly EUR 1 billion expected for 2007. Its largest business is plastic packaging, followed by metal and
IBC packaging, reconditioning services and machinery for packaging production. MAUSER AG operates
more than 50 locations (including 8 Joint Ventures) in 13 countries across Europe, North America, Latin
America and Asia. Two marketing networks - one for plastic and one for the production of steel drums -
include approx. 30 members in more than 20 countries and make MAUSER quality products and services
About Dubai International Capital LLC
Established in 2004, Dubai International Capital LLC (DIC) is a Dubai-based international investment
company. It is a wholly owned subsidiary of Dubai Holding. DIC manages an international portfolio of
diverse assets that provide its stakeholders with value growth, diversification, and strategic investments
DIC’s investments have included: US$ 1.23 billion acquisition of Travelodge (UK), Britain’s fastest growing
hotel company, US$ 1 billion stake in DaimlerChrysler, one of the world’s leading carmakers and the US$
1.2 billion acquisition of Doncasters Group (UK), an industrial manufacturing firm that produces precision
engineering components across various industrial sectors.
DIC is also a substantial investor in the Middle East. Investments include Ishraq, a US$ 150 million
investment company that was formed to bring the Holiday Inn Express brand of hotels to the Gulf Co-operation Council (GCC) countries; and MENA Infrastructure Fund, a US$ 500 million fund targeting
investment opportunities in infrastructure projects in the Middle East and North Africa region. In 2005, DIC
launched Jordan Dubai Capital, a US$ 300 million investment company that targets private equity
opportunities in the Jordanian economy.
Additional information about Dubai International Capital is available at: www.dubaiic.com.
About One Equity Partners LLC
One Equity Partners manages $6 billion of investments and commitments for J.P. Morgan Chase &
Company, Inc. in direct private equity transactions. Partnering with management, OEP invests in
transactions that initiate strategic and operational changes in businesses to create long-term value. OEP's
investment professionals are located across North America and Europe, with offices in New York, Chicago
and Frankfurt. Since its foundation in 2001, One Equity Partners has been operating in Germany. Its
European Headquarters are based in Frankfurt. Its European investments include Süd-Chemie AG, TK
Marine Systems AG, Vacuumschmelze Hanau.
For MAUSER AG
CNC - Communications & Network Consulting AG4.
For Dubai International Capital LLC
For One Equity Partners LLC
CNC - Communications & Network Consulting AG.