Gates Global, formerly known as Tomkins, files for a $100 million US IPO

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Gates Global, a global manufacturer of power transmission belts and fluid power products, filed on Monday with the SEC to raise up to $100 million in an initial public offering. The $100 million deal size is likely a placeholder. The British Virgin Islands-based company, which was founded in 1911 and booked $3.0 billion in sales for the 12 months ended September 30, 2013, plans to list in the US. The exchange and ticker have yet to be determined. BofA Merrill Lynch, Citi, Goldman Sachs, Barclays, Credit Suisse, JP Morgan and RBC Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.

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This article appears in: News Headlines , IPOs


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