Doughty Hanson considers listing for UK manufacturing group HellermannTyton


UK private equity firm Doughty Hanson is looking to list portfolio company HellermannTyton, according to Sky News.

A potential IPO comes after the firm twice failed to exit the company through a private sale, the report said.

Doughty Hanson acquired the UK-headquartered manufacturer and distributor of cable management products in 2005, for £303m.

It has operations in 32 countries and employs approximately 2,650 people. It has 12manufacturing sites in the UK, Germany, France, South Africa, the US, Brazil, China, Singapore and, through its associate company TCJ, in Japan.

It was the sixth investment from the firm’s €1.6bn Doughty Hanson & Co Fund IV.

Recently, Doughty Hanson confirmed it will not raise any more real estate or technology venture funds, a move which follows the creation of a new partnership structure in the wake of the death of its co-founder.

The firm has instead decided to focus purely on its private equity operations following a review conducted by co-founder Dick Hanson, who resumed his role as head of private equity after the departure of Mark Corbidge in September 2012.

Copyright © 2013 AltAssets