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Warburg Pincus-backed Bausch & Lomb files for IPO that could raise $1.5 billion
By: Renaissance Capital
Bausch & Lomb, which is a leading supplier of contact
lenses and lens care products, filed on Friday with the SEC to
raise up to $100 million in an initial public offering. The $100
million is a placeholder value and the actual deal proceeds
should exceed $1 billion.
The Rochester, NY-based company, which was founded in 1853 and booked $3.0 billion in sales for the 12 months ended 12/31/2012, has not yet announced a ticker or exchange. Warburg Pincus (87% pre-IPO stake) acquired Bausch & Lomb for $3.7 billion in 2007. J.P. Morgan, BofA Merrill Lynch, and Citi are the joint bookrunners on the deal. No pricing terms were disclosed.