On Monday April 10 the company appointed Credit Suisse, Citigroup and UBS as joint lead managers of the IPO, which is due in the second half of 2006.
If the trio meets market expectations and raise A$1 billion from the offering, Emeco will have an enterprise value of more than A$2 billion, four or five times the amount that Pacific Equity Partners PEP and Archer Capital then GS Private Equity paid for the business in December 2004.
PEP and Archer funded a management buyout and...
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