Univar’s owners including private equity firms Clayton, Dubilier & Rice and CVC Capital Partners have decided which banks will manage the share sale and will meet more banks in the coming days to appoint junior underwriters and formalise the mandates, said Reuters, citing people familiar with the matter.
It was previous reported that the Downers Grove, Illinois-based company could be valued at more than $6bn.
US private equity firm Clayton Dubilier & Rice acquired a 42.5 per cent stake in the company in 2010 from European firm CVC, in a deal that valued Univar at $4.2bn.
CVC bought the company in a take-private deal valued at €1.5bn in 2007.
Univar has EBITDA of over $600m in 2013 with revenues of $9.9bn in the year ending June 2013, according to earlier report.
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