Carlyle mulls Atotech IPO

The company could be valued at up to $5bn according to Reuters, which cited an EBITDA of $329m from $1.2bn sales for 2017.

Carlyle acquired the business at an enterprise value of $2.3bn from French energy company Total in 2013. The acquisition was funded by a $1.4bn debt package arranged by a syndicate including Nomura, HSBC, Credit Suisse, RBC, Bank of China and Citi.

Founded in 1993 and headquartered in Berlin, Atotech produces metal and surface finishing technologies for the automotive, construction and electronics sectors.

The business has production sites across Europe, Asia and America, and employs a staff of 4,000.

Carlyle declined to comment.

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