Deals
New Mountain Is Said to Weigh IPO for Chemicals Maker Avantor
- Buyout firm considering 2019 listing for Pennsylvania company
- Avantor acquired rival VWR Corp. for $6.4 billion last year
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New Mountain Capital is considering an initial public offering in 2019 for its chemical-materials maker Avantor Inc. according to people with knowledge of the matter.
The New York-based private equity firm is also considering options for Avantor that could include refinancing its debt, said the people, who asked not to be identified because the matter isn’t public. Avantor’s equity could be worth about $8 billion in an IPO, one of the people said.