Burger King Holdings (NYSE: BKN) said that shareholders TPG Capital, Bain Capital and Goldman Sachs plan to offer 15 million common shares in the company via a secondary public offering. The fast-food chain will not sell any of its own shares.
NewPage Group Inc., a Miamisburg, Ohio-based coated paper manufacturer, has filed for an $805 million IPO. It plans to trade on the NYSE under ticker symbol NWP, with Goldman Sachs serving as lead underwriter. The company was formed in 2005, when Cerberus Management bought the coated paper operations of MeadWestvaco Corp. Last year it reported a $23 million net loss on $2.17 billion in net sales.
Safety-Kleen Holdco, a Plano, Texas-based provider of oil collection, re-refining and recycling in North America, has filed for a $300 million IPO. It plans to trade on the NYSE under ticker symbol SK, with Merrill Lynch and JP Morgan serving as co-lead underwriters. The move comes just days after JPMorgan Partners (managed by CCMP Capital) agreed to sell its majority stake in Safety-Kleen’s European business to Warburg Pincus for approximately £565 million. According to the S-1, Safety-Kleen’s shareholders include Highland Capital Management (38%), Contrarian Capital Management (19.8%), JPMorgan Partners (11.1%) and GSC Group (9.2%).
Verso Paper Corp., a Memphis, Tenn.-based producer of coated papers, has set its IPO terms to 18.75 million common shares being offered at between $16 and $18 per share. It would have an initial market cap of approximately $1.02 billion. Verso is wholly-owned by Apollo Management.