Ardagh Group (Pending:ARD) expects to raise $300 million in its upcoming IPO ($345 million if the underwriters exercise their option to purchase additional shares).
Based in Luxembourg, Ardagh Group is a supplier of rigid packaging solutions, including metal and glass containers for the food and beverage markets.
Ardagh Group will offer 16.2 million shares at an expected price range of $17 to $20. If the underwriters price the IPO at the midpoint of that range, ARD will have a market capitalization of $4.4 billion.
AARD filed for the IPO on November 17, 2016.
Lead Underwriters: Citigroup Global Markets, Deutsche Bank Securities, and Goldman Sachs.
Underwriters: Barclays Capital, Credit Suisse Securities, J&E Davy, J.P. Morgan Securities, and Wells Fargo Securities.
Business Summary: Manufacturer of Packaging Solutions
As described in its SEC Filings, Ardagh Group S.A. manufactures and supplies rigid packaging solutions to over 2,000 clients across over 80 countries, including enterprise-level international companies, large national and regional companies, and small local businesses. Their primary markets are North America, Europe, and Brazil.
The product portfolio includes oval, rectangular, and conical shaped aluminum and steel cans for both single and multi-serve use; steel and aluminum aerosols; glass jars and bottles; kegs; single-serve bowls, and customized products such as coffee cans, peanut cans, rectangular steel boxes, and cigar boxes. The company serves a wide variety of industries: personal care, food and industrial, household, alcoholic and non-alcoholic beverages, seafood, pet food, and pharmaceuticals.
Ardagh Group has 109 production facilities in 22 countries. They have approximately 23,500 employees and a plant network of 74 metal production facilities and 35 glass production facilities. Nearly 95% of its revenue is derived from end-user categories.
Use of Proceeds And Highlights From Management’s Analysis
