20:09 PM | June 12, 2014 | Ian Young
Univar will soon select Deutsche Bank, Goldman Sachs, and Bank of America to underwrite Univar's anticipated initial public offering (IPO), according to a Reuters report. Univar confirmed to CW last month that the company's private equity owners are considering an IPO for Univar. Analysts estimate the possible IPO to be worth more than $6 billion.
Private equity firm CVC Capital Partners took Univar private in 2007, and in 2010 private equity firm Clayton, Dubilier & Rice bought a 42.5% stake in Univar for $1.8 billion in a deal that cut CVC's stake also to 42.5%. Univar generated sales of $10.3 billion in 2013.
Brenntag is the only leading chemical distributor with a stock exchange listing. Another leading distributor, IMCD Group (Rotterdam), confirmed plans last week for an IPO.