November 1, 2007
On October 29, it was announced that Dubai International Capital LLC (DIC), the international investment arm of Dubai Holding, agreed to acquire a 9.9% outstanding equity stake in New York hedge fund manager Och-Ziff Capital Management Group LLC in a deal valued at over $1 billion. Willkie served as counsel to DIC financial advisor Merrill Lynch & Co. Established in 2004, DIC has a broad investment directive, comprising direct private equity, private equity funds and co-investments, listed equities, and strategic investments. Och-Ziff is a leading institutional alternative asset management firm and one of the largest alternative asset managers in the world, with approximately $30.1 billion of assets under management. The transaction was handled by partner David Boston, special counsel Larry Bergman and Martin Miller; and associates Thomas Mark and Matthew Comstock.
