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PQ Group Holdings Inc., a Malvern, Pennsylvania-based provider of specialty materials and chemicals, has filed an S-1 with the US Securities and Exchange Commission with a current placeholder of USD 100m.
Morgan Stanley & Co. and Goldman Sachs & Co. are the book-runners for the offering. Citigroup Global Markets, Credit Suisse Securities, JP Morgan Securities, Jefferies, Deutsche Bank Securities and KeyBanc Capital Markets are the underwriters. PQ has enlisted the legal services of Ropes & Gray LLP. The underwriters are being represented by Latham & Watkins LLP.
The company plans to use the proceeds of the offering for working capital and other general corporate purposes.
PQ lists CCMP Capital Investors III and INEOS investments Partnership as its principle stakeholders.
The proposed maximum aggregate offering of USD 100m currently listed in the prospectus is subject to change pending the company’s roadshow and market conditions.
Link to SEC filing.
As seen in the mergermarket newsletter on 10/06/2017
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