Edwards prepares for 2011 IPO
Edwards, the private equity-owned vacuum technology supplier, said it plans an IPO in 2011 in a deal that would likely value the firm at around £1.5bn, turning away from a secondary buy-out or trade sale after completing a strategic review.
Morgan Stanley along with Goldman Sachs and Bank of America Merrill Lynch were hired by the firm and its owners, CCMP and Unitas Capital, in September to advise on strategic options.
The firm operates in highly cyclical markets, such as supplying semi-conductor manufacturers, and has recovered fast from the
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