Atotech Completes $1.1 Billion IPO

Industrial

Atotech IPO


Summary

Atotech Limited (“Atotech” or the “Company”) (NYSE: ATC), recently completed an initial public offering of 29,268,000 common shares at a price of $17.00 per share. The offering generated gross proceeds of $497.6 million for the Company. In addition, the underwriters have been granted a 30-day option to purchase up to an additional 4,390,200 shares of common stock from the selling shareholders. The Company intends to use the proceeds from the offering to repay outstanding indebtedness.

Baird served as a bookrunner on this offering.

About

Atotech is a leading specialty chemicals technology company and a market leader in advanced electroplating solutions. The Company delivers chemistry, equipment, services and software for innovative technology applications through an integrated systems-and-solutions approach. Atotech solutions are used in a wide variety of end-markets, including smartphones and other consumer electronics, communications infrastructure, and computing, as well as in numerous industrial and consumer applications such as automotive, heavy machinery, and household appliances. Atotech is headquartered in Berlin, Germany.

Atotech is majority owned by The Carlyle Group (“Carlyle”). Founded in 1987, Carlyle is a global investment firm with $230 billion of assets under management and employs more than 1,800 people around the world. Carlyle invests across four segments – private equity, real assets, global credit and investment solutions – and has expertise in various industries. Carlyle is headquartered in Washington, D.C.
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Industrial

Atotech IPO

Date
February 2021
Company
Atotech Limited
Transaction
Equity Capital Markets
Sectors
Industrial
Verticals
Highly Engineered Components
Speciality Materials & Chemicals
Water & Filtration
Target Location
Europe

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