Exclusive: Carlyle starts preparations for listing of chemicals…

FRANKFURT (Reuters) – Buyout group Carlyle (CG.O) is starting preparations for a stock market listing of German speciality chemicals group Atotech, a former unit of oil group Total (TOTF.PA), which it bought for $3.2 billion two years ago, people close to the matter said.

FILE PHOTO: A general view of the lobby outside of the Carlyle Group offices in Washington, May 3, 2012. REUTERS/Jonathan Ernst/File Photo

The private equity investor has asked investment banks to pitch for roles in the initial public offering, which is expected to take place in New York next year, two of the people said.

Carlyle declined to comment.

Atotech, a Berlin-based maker of speciality chemicals and equipment for printed circuit boards and semiconductors, in 2017 posted adjusted earnings before interest, tax, depreciation and amortization of $329 million on sales of $1.2 billion.

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