Dubai International Capital LLC to Acquire 9.9% Equity Stake in Och-Ziff Capital Management Group LL

by uusjio | October 30, 2007 at 04:51 am
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Sameer Al Ansari, Executive Chairman and Chief Executive Officer of DIC,said: "Since inception, DIC has always been keen to align itself with like-minded investors. We hold Och-Ziff in very high regard both as asophisticated investor and a prominent alternative asset manager. We believe that Och-Ziff is uniquely positioned to take advantage of the anticipated strong growth in the alternative asset space based upon its global platform and experienced management team. This transaction serves as the foundation on which DIC and Och-Ziff can build synergies going forward. DIC is thrilled to be part of the Och-Ziff story and we are committed to making progress with the strategic aspects of our new alliance."

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