Deals
Bain Said to Work With Goldman Sachs, JPMorgan for Brakes IPO
- Bank of America, Barclays also working on listing plans
- IPO could value the food service group at about $3.8 billion
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Bain Capital is working with banks including Goldman Sachs Group Inc. and JPMorgan Chase & Co. to manage an initial public offering of its food services business Brakes Group, according to people with knowledge of the matter.
Bank of America Corp. and Barclays Plc are also working on the listing, which is planned for next year, the people said, asking not to be named because the details aren’t public. An IPO could value the company at around 2.5 billion pounds ($3.8 billion), they said. No final decision has been made, and Bain may choose not to pursue an IPO, they said.