NEWS & VIEWS

Global private equity and venture capital news and research

CD&R, CVC-backed Univar picks banks for IPO

12 Jun 2014

nysePrivate equity-backed chemical distributor Univar is expected to pick Deutsche Bank, Goldman Sachs and Bank of America to lead its IPO.

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.

Copyright © 2014 AltAssets

FUNDRAISING & INVESTOR RELATIONS


Legals & Terms of UsePrivacy Policy


AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2015