Univar, North America's leading chemicals distributor backed by CVC and CD&R, raised $770 million by offering 35 million shares (43% insider) at $22, the high end of the $20-$22 range. At the offer price, Univar commands a fully diluted market cap of $3.1 billion and an enterprise value of $5.9 billion.
Univar will list on the NYSE under the symbol UNVR. Univar initially filed confidentially on n/a. Deutsche Bank, Goldman Sachs, BofA Merrill Lynch, Barclays, Credit Suisse, J.P. Morgan, Jefferies & Co. and Morgan Stanley acted as lead managers on the deal.
