Financal Times: Buy-Out Firms Prepare To Float Nielsen
April 27, 2010 at 6:24 AM (PT)
NIELSEN is set to start meeting with bankers next month for one of the largest U.S. initial public offerings in recent years, reports THE FINANCIAL TIMES [Requires Registration]. "NIELSEN’s private equity owners hope the offering, expected this year, will value the company’s equity and debt at up to $21 billion, according to people familiar with their plans."
The company, formerly VNU, would reportedly fetch a $17-$21 billion value, based on $1.6 billion in EBITDA this year.
NIELSEN was taken private in 2006 by six private equity firms, ALPINVEST, BLACKSTONE, CARLYLE, HELLMAN & FRIEDMAN, KOHLBERG KRAVIS ROBERTS and THOMAS H LEE.
THE TIMES writes, "The IPO would probably be structured to both repay debt and allow Nielsen’s owners to realise some gains."