Bain hires banks to revive IPO of French car parts group Autodis - sources

[ASFN Admin]

The private equity owner of French car parts group Autodis has hired banks to resume plans for a share sale in Paris in a bid to take advantage of strong investor demand in the busiest-ever start to a year for stock listings, sources told Reuters. U.S. buyout firm Bain Capital, which took control of Autodis in 2015, has hired Goldman Sachs, BNP Paribas and Barclays as global coordinators to pursue an initial public offering (IPO) this year, two sources familiar with the matter said. Autodis could be valued at more than 1.5 billion euros ($1.81 billion) in its latest attempt to go public, one of the sources said.

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