Kinder Morgan Readying To Go Public

(Reuters) – Pipeline company Kinder Morgan Inc, which was taken private in a $14.6 billion management buyout in 2007, is preparing for an initial public offering, according to a source familiar with the matter.

It was unclear whether Houston-based Kinder Morgan, backed by Carlyle Group CYL.UL and Goldman Sachs Group Inc’s (GS.N) buyout fund, has already hired banks to handle the share sale.

A Bloomberg report on Friday said that Kinder Morgan has begun a search for banks to manage the IPO.

If Kinder Morgan does go public, it would be the latest in a string of companies controlled by private equity firms to do so.

On July 14, theater operator AMC Entertainment Inc filed with U.S. regulators to raise up to $450 million in an IPO. That filing came ahead of the pricing and debut of another movie-related new issue, 3D tech company RealD Inc (RLD.N), whose technology was featured in the movie “Avatar.”

And in late May, U.S. toy retailer Toys R Us Inc [TOY.UL] filed to raise as much as $800 million in an IPO that could mark its return to the public markets five years after being taken private by Kohlberg Kravis Roberts & Co [KKR.UL], Bain Capital and shopping center operator Vornado Realty Trust (VNO.N).

(Reporting by Megan Davies; writing by Nick Carey; editing by Vicki Allen)