Global private equity and venture capital news and research

American Securities eyes Metaldyne IPO

26 Aug 2014

metaldynePrivate equity-backed car parts manufacturer Metaldyne has filed to raise $150m via an IPO.

The company, which is owned by American Securities, will trade on the New York Stock Exchange or the Nasdaq exchange under the symbol MPG.

BofA Merrill Lynch, Goldman Sachs, Deutsche Bank Securities, Barclays, Credit Suisse and RBC Capital Markets are acting as underwriters for the IPO, according to a document filed with the US Securities and Exchange Commission.

Metaldyne did not say how many shares it was looking to float and at what price.

American Securities bought the company from fellow private equity firm Carlyle for over $800m in 2012.

The firm has recently launched its seventh private equity fund with a $4bn target.

Copyright © 2014 AltAssets

Legals & Terms of UsePrivacy Policy

AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: WeWork 4001, 1 Fore Street, London, EC2Y 5EJ
Content is © AltAssets 2000-2016