Accuro Healthcare Solutions Inc., a Dallas-based provider of financial and operational solutions for healthcare providers, has filed for a $143.75 million IPO. It plans to trade on the Nasdaq under ticker symbol ACCU, with Citi serving as lead underwriter. Accuro is controlled by Welsh, Carson, Anderson & Stowe (79.94 percent pre-IPO stake).
Apax Partners has shelved a Euronext IPO for U.S. fashion house Tommy Hilfiger, due to volatile market conditions. The offering had been expected to value Hilfiger at between $2.5 billion and $3.5 billion, including around $1 billion in debt.
CDM Resource Partners LP, a Houston, Texas-based provider of turnkey natural gas contract compression services, has withdrawn its IPO registration. The moves comes after the company was bought by Regency Energy Partners for $655 million from Carlyle/Riverstone Global Energy & Power Fund II.
Current Media Inc., a San Francisco-based television news and information network for young adults, has filed for a $100 million IPO. It plans to trade on the Nasdaq under ticker symbol CRTM, with JPMorgan and Lehman Brothers serving as co-lead underwriters. Shareholders include Blum Capital Partners, Yucaipa Cos., DirectTV, Comcast and former Vice President Al Gore.
MYR Group Inc., a Rolling Meadows, Ill.-based specialty contractor serving the U.S. electrical infrastructure market, has filed for a $255.98 million IPO. It plans to trade on the Nasdaq, and has not yet chosen underwriters. Shareholders include Goldman Sachs (17.9 percent pre-IPO stake), ArcLight Capital (6.6 percent), Fidelity (9 percent), Highfields Capital Management (7.3 percent), Fortress Investment Group (6.6 percent) and Balyasny Asset Management (5.8 percent).
RiskMetrics Group Inc., a New York-based provider of financial risk management and corporate governance products and services, raised $245 million in its IPO. The company priced 14 million common shares at $17.50 per share ($17-$19 range), for an initial market cap of approximately $1.01 billion. The company now trades NYSE under ticker symbol RMG, while Credit Suisse, Goldman Sachs and Banc of America Securities served as co-lead underwriters. RiskMetrics spun out of JPMorgan in September 1998, and later completed a $122 million recapitalization sponsored by Spectrum Equity Investors (27.99 percent pre-IPO stake), General Atlantic (27.99 percent) and Technology Crossover Ventures (12.31 percent). TCV plans to purchase up to $10 million in common stock from the underwriters, as part of the IPO.