Dubai International Capital LLC (DIC), the private equity arm of Dubai Holding, has announced that it has signed an agreement for the sale of MAUSER Group to Clayton, Dubilier & Rice for c. $1.7 billion. As noted in the company news release, below, MAUSER, which was acquired by DIC in 2007 in a deal that valued the Group at c. $1.1 billion, is a worldwide leading producer of rigid industrial packaging with approximately 4,400 employees and consolidated revenues of over $1.6 billion.

Latham & Watkins LLP advised DIC on the transaction with a corporate team led by Frankfurt partner Dr. Dirk Oberbracht and  New York partners David Allinson and Tom Malone, with Frankfurt associates Dr. Daniel Schlößer, Stefanie Zirkel, Dr. Jan Schubert, Annekatrin Pelster, Dr. Boris Gorodinsky, Andreas Feith, Dr. Martin Laborenz, Stephan Kress, and New York associate Mark Teeter. Advice was also provided by Frankfurt partner Dr. Georg Weidenbach with Frankfurt associate Dr. Sebastian Max Hauser and Brussels associate Tobias Kruis on antitrust; Frankfurt counsel Dr. Anders Kraft on tax; Frankfurt counsel Joachim Grittmann with associate Kristina Marx on public law; and Munich associate Dr. Andreas Zollner on labor law.