Public Exits

AMC Entertainment Inc., a Kansas City-based movie theater chain, has indefinitely suspended its IPO due to “adverse market conditions.” The offering had been designed to raise nearly $790 million, with Goldman Sachs serving as lead underwriter. Shareholders include JPMorgan Partners (20.78 percent pre-IPO position), Apollo Management (20.78 percent), Bain Capital (15.09 percent), The Carlyle Group (15.09 percent) and Spectrum Equity Investors (9.76 percent).

Cinemark Holdings Inc., a Plano, Texas-based movie theater chain, priced 28 million common shares at $19 per share ($17-$19 range), for an IPO take of approximately $532 million. Lehman Brothers served as lead underwriter, while the company has begun trading on the NYSE under ticker symbol CNK. Madison Dearborn Partners held a 66.3 percent pre-IPO take, while Quadrangle Group held 7.1 percent.

Clean Energy Fuels Corp., a Seal Beach, Calif.-based provider of natural gas as an alternative fuel for vehicle fleets, has set its proposed IPO terms to 20 million common shares being offered at between $13 and $17 per share. It plans to trade on the Nasdaq under ticker symbol CLNE, with WR Hambrecht & Co. and Simmons & Co. serving as co-lead underwriters. Perseus holds a 19.5 percent pre-IPO position, while Boone Pickens is majority shareholder. Both plan to sell a percentage of their shares as part of the IPO.

Concho Resources Inc., a Midland, Texas-based oil and gas company focused on the Permian Basin of Southeast New Mexico, has filed for a $535 million IPO. It plans to trade on the NYSE under ticker symbol CXO, with JPMorgan and Banc of America Securities serving as co-lead underwriters. Shareholders include Yorktown Energy Partners.

Dolan Media Co., a Minneapolis-based provider of business information and professional services to the legal, financial and real estate markets, has filed for a $150 million IPO. It plans to trade on the NYSE under ticker symbol DM, with Goldman Sachs and Merrill Lynch serving as co-lead underwriters. Shareholders include Abry Partners, Caisse de depot et placement du Quebec and BG Media Investors.

Eurand NV, a Dutch drug company whose lead product treats exocrine pancreatic insufficiency, has filed for a $152.95 million IPO. It plans to offer seven million ordinary shares at between $17 and $19 per share, and trade on the Nasdaq under ticker symbol EURX. Deutsche Bank Securities and Lehman Brothers are serving as co-lead underwriters. Eurand was formed in 1999, when Warburg Pincus acquired the drug delivery business of American Hone Products Corp. (now Wyeth). It reported 2006 revenue of approximately $109 million.

Lululemon Corp., a Vancouver-based athletic apparel designer and retailer, has filed for a $230 million IPO. It plans to trade on both the Nasdaq and TSX, with Goldman Sachs and Merrill Lynch serving as co-lead underwriters. Shareholders include Advent International, Highland Capital Partners and Brooke Private Equity Advisors.

Ocean Power Technologies Inc., a Pennington, N.J.-based developer of renewable energy from ocean waves, priced five million common shares at $20 per share ($20-$22 range), for an IPO take of approximately $100 million. It trades on the Nasdaq under ticker symbol OPTT, while UBS served as lead underwriter. Shareholders include Henderson Group.

Pinnacle Gas Resources Inc., a Sheridan, Wyo.-based onshore natural gas exploration and development company, has set its proposed IPO terms to 3.57 million common shares being offered at between $10 and $12 per share. It plans to trade on the Nasdaq under ticker symbol PINN, with Friedman Billings Ramsey serving as lead underwriter. Shareholders include DLJ Merchant Banking. take of approximately $258 million. It will trade on the NYSE under ticker symbol EDN, while Citigroup and JPMorgan served as co-lead underwriters. Shareholders include New Energy Ventures, which is affiliated with a private equity fund controlled by Grupo Dolphin.

PNA Group Holding Corp., an Atlanta-based steel processor and distributor, has filed for a $175 million IPO. It plans to trade on the NYSE under ticker symbol PNA, with Citi and UBS serving as co-lead underwriters. PNA was acquired last year by Platinum Equity.

RSC Holdings Inc., a Scottsdale, Ariz.-based construction equipment rental company, has nearly doubled its IPO target from an initial $300 million to $575 million. It has not yet disclosed the number of shares being offered, or a proposed price range. RSC plans to trade on the NYSE under ticker symbol RRR, with Morgan Stanley, Deutsche Bank and Lehman Brothers serving as co-lead underwriters. The company is owned by Oak Hill Capital Partners and Ripplewood Holdings.

Skilled Healthcare Group Inc., a Foothill Ranch, Calif.-based provider of nursing facilities and rehabilitation therapy centers, has set its IPO terms to around 16.67 million shares being offered at between $14 and $16 per share. It plans to trade on the NYSE under ticker symbol SKH, with Credit Suisse serving as lead underwriter. Onex Partners bought the company from Heritage Partners in 2005 for around $640 million.

Solera Holdings LLC, a San Ramon, Calif.-based claims processing company, has set its proposed IPO terms to around 21.88 million common shares being offered at between $15 and $17 per share. It plans to trade on the NYSE under ticker symbol SLH, with Goldman Sachs and JPMorgan serving as co-lead underwriters. GTCR Golder-Rauner holds a 90.6 percent pre-IPO ownership position, and plans to sell around 2.63 million shares during the IPO. GTCR’s post-IPO ownership is expected to be around 59.8 percent.

TriMas Corp., a Bloomfield Hills, Mich.-based manufacturer of engineered products, set its proposed IPO terms to 11 million common shares being offered at between $11 and $13 per share. It plans to trade on the NYSE under ticker symbol TRS, with Goldman Sachs and Merrill Lynch serving as co-lead underwriters. TriMas operated as an independent company beginning in 1987, but was acquired in 1998 by Metaldyne Corp. (then known as MascoTech Inc.). In November 2000, Matladyne was acquired by an investor group led by Heartland Industrial Partners, which later spun the company out on its own. The current shareholder structure includes Heartland with a 72.7 percent pre-IPO stake, Masco Corp. with 11.82 percent and Credit Suisse with 5.71 percent.