Bain Capital-backed Trinseo withdraws $400 million IPO

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Trinseo S.A., a global materials company engaged in the manufacture of specialty polymers and plastics, withdrew its plans for an initial public offering on Friday. The Berwyn, PA-based company was founded in 2010 and booked $5.4 billion in sales for the 12 months ended March 31, 2011; the company had not updated its filing since July 2011. Deutsche Bank, Goldman Sachs, Citi and Barclays were set to be the joint bookrunners on the deal.

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