Apollo's Taminco considers IPO in US

Taminco has filed a provisional IPO listing prospectus with US regulator SEC. The prospectus comes after the company reportedly abandoned plans to list in Belgium due to difficult market conditions.

Goldman Sachs, Credit Suisse, Deutsche Bank, Citigroup, UBS and Nomura are all named as guarantors in the interim IPO prospectus.

At the time Taminco abandoned its attempts to list in Brussels, it planned to issue shares priced at between €11-14 and to raise up to €421.5m.

Had Taminco successfully listed in 2010, it would have been Belgium's largest initial public offering since 2007.

US private equity firm Apollo acquired Taminco from CVC Capital Partners for around €1.2bn in December 2011.

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• Topics
• Benelux
• Exits
• Belgium
• Apollo Management