Univar Files for IPO

Univar (Redmond, WA) says it has filed with the SEC for an initial public offering (IPO) of common stock. Univar is owned by private equity firm CVC Capital Partners (London). According to its SEC filing, the total proposed maximum aggregate price of the offering is $862.5 million. Other terms of the IPO have not yet been determined, Univar says. Univar says it intends to use the net proceeds from the offering to redeem or repay a portion of its outstanding debt, as well as for general corporate purposes. Goldman, Sachs & Co. and BofA Merrill Lynch will act...

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