Target: Metaldyne Performance Group Inc
Valuation: $4 billion
Sponsor: American Securities LLC
Financial Advisers: Merrill Lynch, Pierce, Fenner & Smith, Goldman Sachs, Deutsche Bank Securities Inc
Merrill Lynch, Pierce, Fenner & Smith, Goldman Sachs and Deutsche Bank Securities Inc are the lead underwriters for the offering, the company said. The filing, which included a fundraising target of about $150 million, did not reveal how many shares the company planned to sell or on which exchange it intended to list its stock.
The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees. The final size of the IPO could be different.
Metaldyne, which intends to list its stock under the symbol “MPG,” said all the shares in the offering would be sold by the selling stockholders. Plymouth, Michigan-based Metaldyne makes metal-based components for the light-vehicle market. Its customers include as General Motors Co, Ford Motor Co and TRW Automotive Holdings Inc.
Reuters reported in June private equity firm American Securities was looking to merge three of its auto parts manufacturing companies and take the combined company public at a valuation of around $4 billion, including debt. American Securities, which acquired Metaldyne from The Carlyle Group for more than $800 million in 2012, also owns auto parts manufacturer HHI Group Holdings LLC and Grede Holdings LLC.