CD&R Said to Plan Mauser IPO Valuing Company at $2 Billion

(Bloomberg) -- The private equity owners of packaging company Mauser Group BV are planning a U.S. initial public offering as early as September that would value the business at about $2 billion, according to people familiar with the matter.

The firm’s owner, Clayton Dubilier & Rice, will sell a portion of its stake in the IPO, said two of the people, who asked not to be named because the plans are private. Mauser announced its intention to list in New York in a preliminary prospectus last year.

A spokesman for CD&R declined to comment.

Companies globally have raised $45 billion in IPOs this year -- the lowest volumes in at least two decades, according to data compiled by Bloomberg. Political uncertainty and market volatility in key economies led issuers to hold off on sale plans.

Mauser’s adjusted earnings before interest, taxes, depreciation and amortization were 195.2 million euros ($221 million) in 2015, the company said this month.

Bruehl, Germany-based Mauser was founded in 1896 and makes plastic packaging and steel and fiber drums, according to its website. The company’s products are used to package food, pharmaceuticals, chemicals, medical waste and paint, among other products.

To contact the reporters on this story: Ruth David in London at rdavid9@bloomberg.net, Kiel Porter in New York at kporter17@bloomberg.net, Sarah Syed in London at ssyed35@bloomberg.net. To contact the editors responsible for this story: Aaron Kirchfeld at akirchfeld@bloomberg.net, Amy Thomson, Devin Banerjee