10 Private-Equity Backed IPOs Coming Soon
New York (
)-- Private equity firms are expected to take several portfolio companies public before the end of 2010 as the carried interest tax rates increase.
There are currently 49 financial sponsor backed IPOs that are registered with the
Securities and Exchange Commission
, which has a 180 day backlog worth a total $17.3bn, according to
|
HCA Inc
HCA Inc. filed plans for an IPO on the New York Stock Exchange under the ticker symbol "HCA" in May. The IPO could raise up to $4.6 billion. The hospital operator agreed to a $21.3 billion buyout offer from
BainCapital LLC
,
Kohlberg Kravis Roberts & Co.
,
Bank of America Corp.'s
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BAML Capital Partners, and HCA co-founder Thomas F. Frist Jr. in 2006.
Nielsen Holdings
Nielsen Holdings BV registered to file for an IPO on the New York Stock Exchange under the ticker symbol 'NLSN'. The television-audience rating company is owned by
KKR & Co.
,
Thomas H. Lee Partners
,
Blackstone Group LP
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,
Carlyle Group
,
AlpInvest Partners
and
Hellman & Friedman LLC
. The IPO could raise $1.75 billion. Nielsen plans to use the proceeds to help pay down its $8.6 billion in debt.
Toys "R" US
Toys "R" Us filed a registration to go public in May on the Nasdaq under the symbol "TOYS". The retailer was taken private by
Kohlberg Kravis Roberts & Co.
>
(KKR) - Get KKR & Co. Inc. Report
,
Bain Capital
and
Vornado Realty Trust
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in a $6.6 billion deal in 2005. The retailer could raise as much as $800 million in an IPO.
LPL Investment Holdings Inc.
LPL Investment Holdings Inc. filed to register for an IPO in June under the symbol LPLA. The offering price is expected to be around $600 million. Shares are expected to be listed under the symbol LPLA. LPL Holdings was acquired by private-equity firms
Hellman & Friedman LLC
and
TPG Capital
in Dec. 2005.
Aeroflex Holding Corp
Aeroflex registered to file for a public offering in April on the New York Stock Excahnge under the symbol "ARX". The company could raise $500 million in an initial public offering.
Veritas Capital
,
Golden Gate Capital
, and
Goldman Sachs Capital
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back the company, which provides radio frequency gear and microwave equipment to companies in the aerospace, defense, and medical markets.
FleetCor Technologies Inc.
FleetCor registered to file for an IPO on the New York Stock Exchange in April under the ticker symbol "FLT".The provider of specialized payment products and services to commercial fleets, hopes to raise up to $500 million in the offering. Owners of the company include
Nautic Partners
,
Summit Partners
,
Bain Capital
,
Advent International Corp.
,
Advantage Capital Partners
and
HarbourVest Partners
.
Goodman Global Group
Global Group Inc. registered to file for an IPO in May on the Nasdaq. No specific ticker has been assigned. The company, which manufactures heating, ventilation and air conditioning products for residential and light commercial use wants to raise up to $500million. Goodman was acquired by private equity firm
Hellman & Friedman LLC
for $2.7 billion in 2008. The company wants to use proceeds from the IPO to repay about $1.5 billion in debt.
AMC Entertainment
AMC Entertainment registered to file for an IPO with the ticker "AMC" in July. The movie company did not specify an exchance. Proceeds from the float could reach $450 million. The movie company plans to use the cash to reduce debt. AMC is owned by
Apollo
(APOL)
,
Bain Capital
,
The Carlyle Group
,
Spectrum Equity Investors
CCMP Capital, formerly known as
JP Morgan Partners
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.
Affinion Group Holdings
Affinion registered to file for an IPO on the New York Stock Exchange in May. The direct marketing company could raise as much as $400 million in the IPO. No ticker symbol was specified. The company is owned by private equity firm Apollo. The company will use the proceeds from the offering to repay $1.7 billion in outstanding debt.
GNC Holdings
GNC registered to file for an IPO in September under the ticker "GNC" The health and wellness product retailer is planning to sell up to $350 million in common stock. GNC was bought by
Ares Management
and the
Ontario Teachers Pension Plan
, Teachers Private Capital in 2007 from Apollo for $750 million.
--Written by Maria Woehr in New York.
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