Dubai | May 12, 2014

Dubai International Capital signs agreement for the sale of Mauser to Clayton, Dubilier & Rice for c. $1.7 billion

Dubai, United Arab Emirates – 12 May 2014: Dubai International Capital LLC (‘DIC’), the private equity arm of Dubai Holding, today announced that it has signed an agreement for the sale of MAUSER Group (‘MAUSER’ or ‘the Group’) to Clayton, Dubilier & Rice (‘CD&R’) for c. $1.7 billion. 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.

David Smoot, Chief Executive Officer of DIC, commented: “MAUSER has been a very successful investment for DIC, providing a return of approximately double our equity invested. We partnered with a strong management to improve the Group from both a strategic and financial perspective, and now is the right time for it to continue its development under new ownership. MAUSER is well positioned to drive further growth and profitability given its attractive global platform.”

MAUSER Group CEO, Hans-Peter Schaefer, commented: “On the behalf of our entire management I would like to thank DIC for supporting MAUSER through what was an incredibly successful period of growth for the business. In the seven years under DIC’s ownership, we worked closely together to increase MAUSER’s footprint and customer offering, as well as significantly improve its operational efficiency. I am looking forward to working with CD&R to continue building on MAUSER’s success.”

Under DIC’s ownership, MAUSER significantly increased its footprint across key products and geographies. MAUSER now operates out of 83 facilities across 18 countries, up from 53 facilities in 12 countries in 2007. Profit margins are now industry-leading and have steadily increased from 2007 to 2013. During this period adjusted EBITDA margins expanded from 10.7% to 12.3%.

Sonja Terraneo, Partner of CD&R said: “MAUSER has a strong track record of innovation, which has helped the company firmly establish itself as a market leader. There are exciting opportunities for further growth and we are looking forward to working with the management team to unlock value and continue to deliver success.”

Bank of America Merrill Lynch acted as exclusive financial advisor to DIC. Latham & Watkins provided DIC with legal counsel.

The sale and purchase agreement is conditional upon receipt of all appropriate anti-trust approvals.


About Dubai International Capital LLC:

Dubai International Capital LLC is a private equity investment company established in 2004 as a wholly owned subsidiary of Dubai Holding.  DIC’s private equity portfolio includes market-leading companies in Europe and the Middle East including; Almatis, Doncasters, Ishraq and Dubai Aerospace Enterprise.  For further information visit

 About MAUSER Group

MAUSER Group is a worldwide leading producer of industrial packaging with approx. 4,400 employees and consolidated revenue of over $1.6 billion. Founded in 1896 and headquartered in Bruehl near Cologne (Germany), the company has influenced the international market through innovative packaging technologies. The portfolio for customers in the chemical, agrochemical, petrochemical, and pharmaceutical sectors as well as in the food and beverage industries includes plastic packaging, fiber drums, steel drums, Intermediate Bulk Containers (IBC), and reconditioning services through the National Container Group (NCG), a MAUSER subsidiary. MAUSER therewith provides sustainability-oriented full cycle services – from production to recycling (“ECO-CYCLE®”). With more than 80 MAUSER/NCG sites and multiple joint ventures in Europe, the Americas and Asia plus two licensee networks for plastic and steel packaging, the company is a presence around the globe.