Carlyle's Multi Packaging Solutions Sets Terms for $300 million IPO
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Multi Packaging Solutions International, New York, N.Y., USA, a global manufacturer of paper packaging for consumer and health care products, this past week announced terms for its IPO.
The company plans to raise $300 million by offering 18.8 million shares (33% insider) at a price range of $15 to $17. At the midpoint of the proposed range, Multi Packaging Solutions would command a market value of $1.2 billion and an enterprise value of $2.1 billion.
Multi Packaging Solutions International, which was founded in 2005 and booked $1.6 billion in sales for the 12 months ended June 30, plans to list on the NYSE under the symbol MPSX. BofA Merrill Lynch, Barclays, and Citi are the joint bookrunners on the deal. It is expected to price during the week of October 19.
