Bain-backed Diversey sets IPO pricing terms

Diversey, a provider of hygiene, infection prevention and cleaning solutions, has priced its IPO of nearly 7 million shares at a price range between $18 and $21 per share.

Diversey, a provider of hygiene, infection prevention and cleaning solutions, has priced its IPO of nearly 7 million shares at a price range between $18 and $21 per share. The stock will list on the NASDAQ under the ticker symbol “DSEY.” Citigroup, Morgan Stanley, Barclays and J.P. Morgan are the lead underwriters. Diversey is backed by Bain Capital.

PRESS RELEASE

FORT MILL, S.C.–(BUSINESS WIRE)–Diversey Holdings, Ltd. (Diversey), a leading provider of hygiene, infection prevention and cleaning solutions, today announced the launch of its initial public offering of 46,153,846 ordinary shares. Diversey also intends to grant the underwriters a 30-day option to purchase up to an additional 6,923,077 ordinary shares from Diversey. The initial public offering price is currently expected to be between $18.00 and $21.00 per share. Diversey has applied to list its ordinary shares on the Nasdaq Global Select Market (Nasdaq) under the ticker symbol “DSEY.”

Citigroup, Morgan Stanley, Barclays and J.P. Morgan are acting as book-running managers of the offering. BofA Securities, Credit Suisse, Goldman Sachs & Co. LLC, Jefferies, RBC Capital Markets, UBS Investment Bank, Baird and Guggenheim Securities are also acting as book-running managers. Siebert Williams Shank is acting as a co-manager of the offering.

The offering of these securities will be made only by means of a prospectus. Copies of the preliminary prospectus relating to this offering may be obtained from: Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (800) 831-9146; or Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; or Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at barclaysprospectus@broadridge.com or telephone at 1-888-603-5847; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, toll-free: (866) 803-9204, email: prospectus-eq_fi@jpmchase.com.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy them be accepted, prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

About Diversey
Diversey’s mission is to protect and care for people through leading hygiene, infection prevention and cleaning solutions. We develop and deliver innovative, mission-critical products, services and technologies that save lives and protect our environment. Over the course of 95 years, the Diversey brand has become synonymous with product quality, service and innovation. Our fully-integrated suite of solutions combines patented chemicals, dosing and dispensing equipment, cleaning machines, services and digital analysis and serves more than 85,000 customers in over 80 countries via our vast network of more than 1,400 technicians and approximately 8,500 employees globally.