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KKR-backed landscaper BrightView sets terms for $501 million IPO

BrightView Holdings, a largest provider of commercial landscaping services in the US, announced terms for its IPO on Monday.

The Plymouth Meeting, PA-based company plans to raise $501 million by offering 21.3 million shares at a price range of $22 to $25. At the midpoint of the proposed range, BrightView Holdings would command a fully diluted market value of $2.3 billion.

BrightView Holdings was founded in 1939 and booked $2.3 billion in sales for the 12 months ended March 31, 2018. It plans to list on the NYSE under the symbol BV. Goldman Sachs, J.P. Morgan, KKR, UBS Investment Bank, Baird, Credit Suisse, Macquarie Capital, Jefferies, Mizuho Investors, Morgan Stanley and RBC Capital Markets are the joint bookrunners on the deal. It is expected to price during the week of June 25, 2018.

The article KKR-backed landscaper BrightView sets terms for $501 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

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


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

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