Monday, December 21, 2009

Dubai International Capital Appoints David Smoot as Managing Director of Private Equity

David, age-old 38, joins Dubai International Capital from Morgan Stanley Private Equity, area he was a affiliate of the investment board who led portfolio investments and helped to body a 35-person aggregation amid in New York and London. Key affairs cover the accretion of Tops Markets from Royal Ahold and the firm's co-investment with JLL Partners in the accretion of McKechnie Aerospace.

David has a 14-year clue almanac in investment cyberbanking and clandestine equity, of which 11 years were spent with Morgan Stanley. Before co founding the Private Equity Group he was Managing Director of Financial Sponsors at Morgan Stanley, area he audacious audience including Bain Capital, Blackstone, First Reserve and Warburg Pincus on M&A, IPOs, debt and disinterestedness financings. Before abutting Morgan Stanley, David spent three years at Salomon Brothers area he specialised in activity and chemicals investment banking.

Sylvain Denis, Chief Executive Officer of Dubai International Capital Private Equity said, "David has aberrant acquaintance and relationships in the clandestine disinterestedness acreage as able-bodied as ability in architecture a best-in- chic team. I attending advanced to alive with him on the development of our advance action for DIC's business in North America."

David Smoot, Managing Director, DIC Private Equity commented, "Since its barrage in 2004, DIC has fabricated outstanding advance in architecture a assisting business that manages accumulated assets in balance of $12 billion. DIC's Private Equity analysis has accustomed a able acceptability as a specialist in European accessory buyouts and I attending advanced to alive with Sylvain to aggrandize the portfolio in North America."

David Smoot's adjustment as the managing administrator of DIC clandestine disinterestedness comes anon afterwards DIC and its CEO, Sameer Al Ansari, was called MENA Private Equity Firm of the Year in the 6th anniversary Awards for Excellence in Private Equity Europe 2008, organised by Dow Jones Private Equity News.

About Dubai International Capital:
Established in 2004, DIC is an all-embracing investment aggregation focused on both clandestine disinterestedness and accessible equity, with its accepted CEO accepting Sameer Al Ansari. A wholly-owned accessory of Dubai Holding, DIC manages an all-embracing portfolio of assorted assets that accommodate its stakeholders with amount growth, diversification, and cardinal investments. Assets beneath administration absolute over US$12 billion.

Dubai International Capital LLC PR contact:
Mark Lunn
PO Box 72888
Dubai International Financial Centre
Dubai
United Arab Emirates
UAE
Tel: (+971-4) 362 1888
Mob : +971 50 156 6737
www.dubaiic.com

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