American Securities-backed MPG rolls out IPO

Metaldyne Performance Group, which is owned by American Securities, has raised $150 million for its IPO after pricing its 10 million shares at $15 per share. The stock began trading Friday on the NYSE under the ticker symbol “MPG.” BofA Merrill Lynch, Goldman Sachs, Deutsche Bank Securities, Barclays Capital, Credit Suisse Securities (USA) and RBC Capital Markets are the lead underwriters. Headquartered in Plymouth, Michigan, MPG is a provider of powertrain components.

PRESS RELEASE

PLYMOUTH, Mich., Dec. 11, 2014 /PRNewswire/ — Metaldyne Performance Group Inc. (“MPG”) (NYSE: MPG) today announced the pricing of its initial public offering of 10,000,000 shares of common stock at a price to the public of $15.00 per share. All of the shares in the offering are being offered by an affiliate of American Securities LLC, ASP MD Investco LP (the “Selling Stockholder”). In addition, the Selling Stockholder has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares. The shares are expected to begin trading on December 12, 2014 on the New York Stock Exchange under the symbol “MPG.” The closing of the offering is expected to occur on December 17, 2014, subject to the satisfaction of customary closing conditions.

BofA Merrill Lynch, Goldman, Sachs & Co., Deutsche Bank Securities Inc., Barclays Capital Inc., Credit Suisse Securities (USA) LLC and RBC Capital Markets, LLC are acting as joint book-running managers for the offering. Robert W. Baird & Co. Incorporated is acting as lead co-manager for the offering and KeyBanc Capital Markets Inc. and Nomura Securities International, Inc. are acting as co-managers for the offering.

The offer is being made only by means of a prospectus. Copies of the prospectus may be obtained from: BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus Department, or by emailing dg.prospectus_requests@baml.com; Goldman, Sachs & Co., 200 West Street, New York, NY 10282, Attn: Prospectus Department, by emailing prospectus-ny@ny.email.gs.com, or by calling (866) 471-2526; or Deutsche Bank Securities Inc., 60 Wall Street, New York, NY 10005, Attn: Prospectus Group, by emailing prospectus.CPDG@db.com, or by calling (800) 503-4611.

A registration statement relating to shares of the common stock of MPG was declared effective by the Securities and Exchange Commission on December 11, 2014. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor may there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About MPG
Metaldyne Performance Group Inc. is a leading provider of highly-engineered components for use in powertrain and safety-critical platforms for the global light, commercial and industrial vehicle markets. MPG produces these components using complex metal-forming manufacturing technologies and processes for a global customer base of vehicle OEMs and Tier I suppliers. MPG’s metal-forming manufacturing technologies and processes include aluminum die casting, forging, iron casting and powder metal forming as well as advanced machining and assembly. Headquartered in Plymouth, Michigan, MPG has a global footprint spanning 61 locations in 13 countries across North America, South America, Europe and Asia with approximately 12,000 employees.