BJ’s Wholesale owners preps for sale or IPO: WSJ

By Luisa Beltran — 1 week ago

The private-equity owners of BJ’s Wholesale Club are interviewing banks to advise on the company’s options, which could include an IPO or a sale, the Wall Street Journal reported. If BJ’s chooses to go public, the IPO would come in the second half of 2017, the story said. BJ’s Wholesale is backed by Leonard Green & Partners LP and CVC Capital Partners Ltd.

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PE-backed Foundation Building Materials rolls out IPO

By Iris Dorbian — 2 weeks ago

Tustin, California-based Foundation Building Materials Inc, a provider of wallboard and suspended ceiling systems, has debuted its IPO after pricing 12.8 million shares of its IPO at $14 per share. The stock began trading February 10, 2017 on the New York Stock Exchange under the ticker symbol “FBM.” Deutsche Bank Securities, Barclays and RBC Capital Markets are serving as the lead underwriters. Foundation Building Materials is backed by Lone Star Funds.

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Hamilton Lane files for IPO

By Iris Dorbian — 3 weeks ago

Hamilton Lane, an alternative investment management firm, has filed an IPO. The number of shares that will be sold and its pricing terms have yet to be set. Hamilton Lane plans on listing the stock on the NASDAQ under the ticker symbol “HLNE.” J.P. Morgan and Morgan Stanley will serve as the lead underwriters.

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