Burger King Holdings Inc. of Miami, Fla. has filed to raise $400 million via an IPO of common stock. It plans to trade on the NYSE under ticker symbol BKC, with JPMorgan serving as lead underwriter. The company was acquired in December 2002 for $1.5 billion by Texas Pacific Group, Bain Capital and Goldman Sachs.
Debitel AG, a Germany-based mobile telecom company, is considering a flotation on the Frankfurt Stock Exchange, according to repotrs. The offering would value Debitel at around e1 billion, and would occur near the end of this year. Debitel is owned by Permira, and has retained JPMorgan as an advisor.
Dyno Nobel, an Australia-based explosives maker, is planning to float next month of the Australian Stock Exchange. The deal will value the company at around Au$1.68 billion, and should provide liquidity to the Macquarie Bank-led consortium that bought Dyno Nobel from Industri Kapital late last year.
Eagle Test Systems Inc., a Mundelein, Ill.-based provider of automated test equipment for the semiconductor manufacturing industry, has set its proposed IPO terms to 6.5 million common shares being offered at between $14 and $16 per share. It plans to trade on the Nasdaq under ticker symbol EGLT, with Banc of America Securities and Lehman Brothers serving as lead underwriters. TA Associates is Eagle Test Systems’ majority shareholder.
The Industrial and Commercial Bank of China is hoping to raise up to $9.9 billion via a September IPO on either the Hong Kong or New York exchanges, according to reoprts. The bank last month agreed to sell stakes to Goldman Sachs, Allianz and American Express.
Legrand SA, a France-based maker of low-voltage electrical fittings and accessories, is planning to raise at least e1 billion via an April floatation. It is controlled by Kohlberg Kravis Roberts & Co. and Wendel Investissement, which led a e3.7 billion buyout in late 2002. Other shareholders include West LB, HSBC and Goldman Sachs Capital Partners.
NexTest Systems Inc., a San Jose, Calif.-based provider of automated test equipment for the semiconductor industry, has set its proposed IPO terms to 5.4 million common shares being offered at between $14 and $16 per share. It plans to trade on the Nasdaq under ticker symbol NEXT, with Merrill Lynch serving as lead underwriter. Significant shareholders include Needham Capital Partners and J&W Seligman & Co.
TAM SA, a Brazilian airline carrier, has filed to raise around $927 million via an IPO of American depository shares. It plans to trade on the NYSE under ticker symbol TAM, with Credit Suisse and Pactual Capital serving as lead underwriters. TAM has received private equity funding from affiliates of Credit Suisse.