LBO'd auto parts maker Metaldyne files for a $150 million IPO

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Metaldyne Performance Group, an LBO'd producer of automobile powertrain and safety components, filed on Friday with the SEC to raise up to $150 million in an initial public offering. Metaldyne Performance represents a consolidation of auto parts manufacturers bought by American Securities.

The Plymouth, MI-based company, which was founded in 2005 and booked $2.2 billion in historical sales for the 12 months ended June 30, 2014, plans to list on the NASDAQ under the symbol MPG. BofA Merrill Lynch, Goldman Sachs, Deutsche Bank, Barclays, Credit Suisse and RBC Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




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