Deals
Dubai Managers Said to Plan Goldman-Backed Doncasters Buyout
- DIC management team planning buyout with investor support
- Carlyle Group's AlpInvest will also back spinoff plans
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Dubai International Capital’s management team is in talks to buy out Doncasters Group Ltd. with financial backing from Blackstone Group LP and Goldman Sachs Group Inc., according to people with knowledge of the matter.
DIC, which is controlled by Dubai Holding, may sell the engineering aerospace group to a group of investors led by the DIC executives for as much as $2 billion, said the people. The investment units of Blackstone and Goldman as well as AlpInvest Partners, an arm of Carlyle Group LP, are backing the transaction, they said.