Multi Packaging Solutions International, a global manufacturer of paper packaging for consumer and health care products, filed on Friday with the SEC to raise up to $100 million in an initial public offering. However, the deal size is likely a placeholder for an IPO that we estimate could raise $400 million or more.
The New York, NY-based company was formed by the 2013 merger of Carlyle's Chesapeake Services and Madison Dearborn's Multi Packaging Solutions. It booked over $1.5 billion in sales for the 12 months ended March 31, 2015, and plans to list under the symbol MPSX. It did not disclose an exchange. No underwriters were listed. No pricing terms were disclosed.
