Alliance Medical, a leading British diagnostic imaging company majority owned by Dubai International Capital (DIC), is looking for 150 million pounds ($244 million) in fresh funds for its expansion, the UK's Telegraph newspaper reported on its website late on Saturday.
DIC bought Alliance in November 2007 for 600 million pounds from British private equity firm Bridgepoint, which had previously paid 111 million pounds for a stake in 2001 and still has shares in the company, the newspaper said.
Both DIC and Bridgepoint “are likely to put fresh equity into the business as part of the fundraising process”, Telegraph reported, citing unnamed sources.
"In line with its business plan and previous approach, Alliance Medical is exploring a range of options to finance growth. As with all previous ventures, the move will involve both debt and equity,” a company spokesperson was quoted as saying.
Alliance is one of several British companies bought by Dubai entities part of the investment portfolio of Dubai’s ruler Sheikh Mohammed bin Rashid al-Maktoum before the global credit crisis.
DIC’s investments in the UK include ownership of budget hotel chain Travelodge and engineering firm Doncasters.
No comments:
Post a Comment