Bain Said to Weigh Atento U.S. Initial Public Offering

Bain Capital LLC, a Boston-based private-equity firm, is considering a U.S. initial public offering of Spanish call-center business Atento later this year, according to people with knowledge of the matter.

Bain is discussing a possible share sale in New York with advisers, said the people, who asked not to be identified because the talks are private. The buyout firm hasn’t made a final decision or appointed banks, they said. Representatives for Bain and Madrid-based Atento declined to comment.

Bain, which has about $70 billion in assets under management, acquired Atento from Madrid-based Telefonica (TEF) SA in December 2012 for about 1 billion euros ($1.4 billion), according to a statement at the time. Telefonica, Spain’s biggest phone company, canceled a planned 580 million-euro IPO of Atento in June 2011.

Investor appetite for European equities has returned, enabling companies in the region to raise about $34 billion in initial share sales last year, more than double what they sold in 2012, according to data compiled by Bloomberg.

In 2011, Atento had revenue of 1.8 billion euros and its biggest market at the time, Brazil, generated 54 percent of sales that year, according to the company’s website.

Atento operates mostly in Europe and Latin America and employs about 150,000 people in 16 countries, according to its website.

To contact the reporters on this story: Ruth David in London at rdavid9@bloomberg.net; Manuel Baigorri in Madrid at mbaigorri@bloomberg.net; Emma Ross-Thomas in Madrid at erossthomas@bloomberg.net

To contact the editor responsible for this story: Aaron Kirchfeld at akirchfeld@bloomberg.net

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