Tag Archives | IPO

Sibur’s new investor speeds up asset sales, builds stake

I had an interesting interview last week with Sibur CEO Dmitry Konov and the president of “Miracle”, the holding company formed by Leonid Mikhelson who is working towards a 100% takeover of the company. What strongly came across was a determination to keep Sibur separate from Novatek, the gas producer owned by Mikhelson. Longer term he […]

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Time is ripe for an IPO in London for Russia’s Sibur

Russian chemical giant, Sibur, is controlled and wholly owned by the country’s gas giant, Gazprom. I think it is high time the company was set free and allowed to boost its potential for growth through an initial public offering. An IPO would give it independence and also access to stock market funds, especially if it […]

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Could Univar IPO be on the rocks as CVC plans to sell debt?

The intelligence site Debtwire  reports today that investors in Univar are trying to block moves by majority owner, CVC Capital Partners, to offload a large tranche of its debt. The move would effectively give the unnamed investor a 45% stake in Univar, according to the report.   If Univar did pull out of the IPO, […]

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Will Ciech sell off and IPO be death by a thousand cuts?

In the past few days Poland’s major chemical group, Ciech, has announced plans to sell its fertilizer, agrochemical, silicates and glass units. Prior to that there was discussion of a possible initial public offering (IPO) for its soda ash business. If all these go ahead the group will only be left with its organic chemicals […]

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Brenntag highlights antitrust fines in IPO prospectus

In its recently published IPO prospectus, German chemical group Brenntag raises the prospect of  ”substantial fines” and the forced divestment of assets at below market prices if it is found to be in violation of antitrust rules. The group has been embroiled in investigations in France and Germany for a couple of years and the outcome of […]

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Brenntag to seek Asia acquisitions post-IPO

Following several press reports that German chemical distributor, Brenntag, will seek to launch its IPO by Easter, the next big question is: “What next for Brenntag?” The IPO, if successful, will give Brenntag a much-needed injection of capital and scope to grow organically and through acquisitions. The company is already strong in the US and Europe, and would most likely […]

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Brenntag IPO draws near?

Here at ICIS we’ve been tracking progress towards an initial public offering for several months. I suspect this may be getting closer, or if not an IPO then some sort of M&A (merger and acquisition) activity. This is because the company has become exceptionally and unusually quiet in recent weeks. Brenntag is usually extremely keen to get […]

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Brenntag ipo could stir up chemical distribution merger activity

BC Partners’ impending initial public offering of German chemical distribution group, Brenntag, could excite further merger and acquisition (m&a) activity across this sector. Azelis, IMCD and Univar could all be sold or IPO’d by their private equity owners if the Brenntag deal is successful.But this is a big “if”. Owners BC Partners have a big […]

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