Carlyle and Advent considering HC Starck IPO
Carlyle and Advent International have appointed banks to investigate investor appetite ahead of a possible flotation of HC Starck.
The buyout houses acquired the German metals producer in February 2007 for €1.2bn, and an IPO could raise as much as €1bn.
Advent and Carlyle are expected to announce their plans for the company in the next few weeks, and are also thought to be looking at private sale options.
HC Starck manufactures metal and ceramic powders and specialty chemicals, as well as components made from advanced ceramics and refractory metals. The firm is headquartered in Goslar, northern Germany.
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