Addus Homecare Corp., a Palatine, Ill.-based provider of social and medical services in the home, has set its IPO terms to five million common shares being offered at between $11 and $13 per share. It would have an initial market cap of approximately $131 million, were it to price at the high end of its range. The company plans to trade on the Nasdaq under ticker symbol ADUS, with Robert W. Baird serving as underwriter. Eos Partners is the company’s majority shareholder, with a 78.9 percent pre-IPO position.
AGA Medical Holdings Inc., a Plymouth, Minn.-based maker of medical devices the treatment of structural heart defects and vascular diseases, has set its IPO terms to 13.75 million common shares being offered at between $19 and $21 per share. It would have an initial market cap of approximately $1 billion, were it to price at the high end of its range. AGA plans to trade on the Nasdaq under ticker symbol AGAM, with BoA Merrill Lynch serving as lead underwriter. Welsh Carson Anderson & Stowe acquired a majority stake AGA Medical via a 2005 equity recap.
Birds Eye Foods Inc., a Rochester, N.Y.-based maker of packaged food products, has filed for a $350 million IPO. J.P. Morgan is serving as lead underwriter. The company reported around $935 million in revenue for the year ending June 30, 2009. Vestar Capital Partners acquired Birds Eye in 2005.
The Blackstone Group recently sent out an investor letter detailing plans to list up to eight of its portfolio companies. The furthest along is hospital staffing firm Team Health.
China National Offshore Oil Corp. is in talks with Ghana National Petroleum Corp to bid for Kosmos Energy’s stake in a West African oil discovery, according to reports. Kosmos Energy is backed by Blackstone Group and Warburg Pincus.
CompuDyne Corp., a portfolio company of The Gores Group, has sold Quanta Systems LLC to Black Box Corp. (Nasdaq: BBOX) for an undisclosed amount. Quanta is a Gaithersburg, Md.-based provider of security and command center solutions.
Delhaize, a Belgian supermarket group, has agreed to buy a “substantial majority” of bankrupt U.S. supermarket chain Bi-Lo LLC for $425 million in cash. Bi-Lo had been a portfolio company of Lone Star Funds.
Dollarama Inc., a Canadian discount retailer owned by Bain Capital, has set its IPO terms to 17.14 million shares being offered at C$17.50 per share. It plans to list on the Toronto Stock Exchange.
Echo Global Logistics Inc., a Chicago-based provider of online systems that manage truck, train and air shipping logistics, has raised $79.8 million in its IPO. The company priced 5.7 million common shares at $14 per share (middle of $13-$15 range), which gives it an initial market cap of approximately $300 million. It will trade on the Nasdaq under ticker symbol ECHO. Morgan Stanley and Credit Suisse served as co-lead underwriters. New Enterprise Associates held a 15.3 percent pre-IPO ownership stake.
Education Management Corp., a Pittsburgh-based provider of post-secondary education, raised $334.8 million in its IPO. The company priced 20 million shares at $18 per share (bottom of $18-$20 range), which gives it an initial market cap of approximately $2.5 billion. It will trade on the Nasdaq under ticker symbol EDMC, while Goldman Sachs served as lead underwriter. Shareholders include Providence Equity Partners (34.1 percent pre-IPO stake), Goldman Sachs (34.1 percent) and Leeds Equity Partners (8.3 percent).
GrainCorp Ltd. (AX: GNC), an Australian bulk grain handler, has agreed to buy United Malt Holdings from Castle Harlan and the firm’s Australian affiliate CHAMP Private Equity. The deal is valued at US$655 million. UMH is a global provider of malt for the brewing and distilling industries.
Great Hill Partners has sold its 91 percent stake in Brazilian e-commerce company BuscaPé.com Inc. to Naspers Ltd. (LSE: NPSN) for $374 million. Great Hill acquired its stake in the company in December 2005.
Kraton Performance Polymers, a Houston-based maker of polymers used in products such as disposable baby diapers and razor blades, has filed for a $230 million IPO. Credit Suisse is serving as lead underwriter. Shareholders include TPG and JPMorgan Partners.
Ladder Capital Finance, a New York-based specialty finance company focused on the commercial real estate industry, has indefinitely postponed its planned $400 million IPO. The company was formed last year with approximately $1 billion in equity and debt capital, co-led by GI Partners and Towerbrook Capital Partners. It had planned to trade on the NYSE, with JPMorgan, Wells Fargo and Citi serving as co-lead underwriters.
Mistras Group Inc., a Princeton Junction, N.J.-based provider of software that tests the structural integrity of infrastructure, raised $108.75 million in its IPO. It priced 8.7 million shares at $12.50 per share (below $14-$16 offering range), for an initial market cap of approximately $330 million. It will trade on the NYSE under ticker symbol MG, while JPMorgan, Credit Suisse and BoA Merrill Lynch served as co-lead underwriters. Backers include Thayer Hidden Creek and Altus Capital Partners.
Montagu Private Equity is planning to auction off British Car Auctions, with an asking price in the range of £600 million.
RailAmerica Inc., which owns and operates short line and regional freight railroads in North America, priced shares for $15 each in its initial public offering, falling short of expectations, but the company sold 1 million shares more than expected. RailAmerica is owned by Fortress Investment Group LLC.
Sun Capital Partners has sold K.K. Tarami, a Japan-based maker of fruit and fruit-flavored gelatin cups, to a private equity subsidiary of Mitsubishi UFJ Lease & Finance Company Ltd. No financial terms were disclosed. Sun acquired Tarami in April 2007, as its first-ever Japanese acquisition.
Symetra Financial Corp., a Bellevue, Wash.-based life insurance company, has filed for a $575 million IPO. It previously filed for a $750 million IPO in June 2007, but canceled the offering last year due to market conditions. It plans to trade on the NYSE under ticker symbol SYA. Underwriters include BoA Merrill Lynch , JPMorgan, Goldman Sachs and Barclays Capital. Shareholders include Vestar Capital Partners, Och-Ziff Capital Management, Highfields Capital Management, Caxton Associates, White Mountains Insurance Group and Berkshire Hathaway.
Talecris Biotherapeutics Holding Corp., a Research Triangle Park, N.C.-based developer of plasma-derived protein therapies, raised $950 million in its IPO. The company priced at the middle of its $18-$20 per share range, but increased its number of offered shares by 11.8 percent to 50 million shares. The company is controlled by Cerberus Capital Management, which led a $590 million buyout in 2005. Cerberus had already recouped its equity investment (and then some) via a dividend recap. Other shareholders include Ampersand Ventures.
Team Health Holdings LLC, a Knoxville, Tenn.-based provider of outsourced health care professional staffing and administrative services to hospitals and other health care providers, has filed for a $100 million IPO. It plans to trade on the NYSE. The Blackstone Group owns more than 90 percent of Team Health.
India’s United Spirits, is set to sell new shares worth about $300-350 million to institutions to help cut its debt, after efforts to sell a stake to private equity firms and Diageo failed.
West Corp., an Omaha, Neb.-based provider of call center and conference call backend solutions, has filed for a $500 million IPO. Goldman Sachs and Morgan Stanley are serving as co-lead underwriters. The company was acquired in 2006 for $3.34 billion by THL Partners and Quadrangle Group.