Multi Packaging Solutions International, a global manufacturer of print-based packaging primarily for consumer and health care products, raised $215 million by offering 16.5 million shares (6% insider) at $13, well below its initial $15-$17 range. The company sold three million more shares than originally proposed, but net proceeds to the company are essentially the same (~$180 million). PE sponsors Madison Dearborn and Carlyle are no longer selling on the offering. At its $13 offer price, Multi Packaging has a market cap of $1.0 billion and an enterprise value of $2.0 billion. The company plans to list on the NYSE under the symbol MPSX. BofA Merrill Lynch, Barclays, Citi, Credit Suisse, Goldman Sachs and UBS Investment Bank acted as lead managers on the deal.
