Metals and Mining
Company Overview of Bis Industries Limited
BIS Industries Limited provides logistics and materials handling solutions to the mining and resources companies in Australia. The company offers off-road load and haul solutions; underground equipment services; specialized logistics management; and site services for large scale infrastructure, crushing and mineral extraction, port operations, and molten materials management projects, as well as provides a range of on and off site ancillary services. It is also involved in the manufacture of dual-powered road train haulage equipment. The company is headquartered in Perth, Australia.
109 St Georges Terrace
Perth, WA 6000
Key Executives for Bis Industries Limited
Chief Executive Officer, Managing Director and Director
Compensation as of Fiscal Year 2014.
Bis Industries Limited Key Developments
BIS Calls Off IPO Plan
Nov 27 13
Kohlberg Kravis Roberts & Co. L.P.’s (NYSE:KKR) BIS Industries Limited has called off its plan to launch an IPO (Initial Public Offering) of AUD 500 million before the end of 2013. BIS said that it has decided to drop the IPO due to poor sentiment around the mining and resources sector. Chief Executive of BIS, Ian Lynass said, “The feedback I have had from investors is that, whilst they acknowledge that BIS Industries is a high quality business with a strong and attractive market position, the current negative sentiment around resources expenditure is impacting on all companies exposed to the sector.
Bis Industries Reportedly Mulls IPO In 2013
Nov 7 13
Bis Industries Limited is seeking to raise as much as AUD 500 million in an initial public offering (IPO) before the year-end of 2013 sources familiar with the matter said. Bis Industries is owned by Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR). Bis Industries will use the proceeds of the IPO to pay down debt, and KKR plans to keep 100% of its stake in the business, one source said. A second source said Bis is expected have a market capitalisation of around AUD 1 billion. Bank of America Merrill Lynch, Goldman Sachs and UBS are the joint lead managers on the Bis Industries initial public offering, one person said. KKR, Bank of America Merrill Lynch, and UBS could not be reached immediately for comment and Representatives for Bis and Goldman Sachs declined to comment to Reuters.
KKR Delays Listing of BIS
May 27 13
Kohlberg Kravis Roberts & Co. (NYSE:KKR) has shelved its float of BIS Industries Limited until the second half of 2013. KKR is content to delay the $150 million float, roughly 15% of BIS' value, until the second half of 2013. KKR deferred the float following a string of profit warnings in the sector and will wait until after the upcoming earnings season. Australian Financial Review added that KKR declined to comment.
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