PE-backed PQ goes public

Malvern, Pennsylvania-based PQ Group Holdings, a provider of catalysts, specialty materials and chemicals, has debuted its IPO after pricing its 29 million shares at $17.50 per share. The stock began trading September 29, 2017 on the New York Stock Exchange under the ticker symbol “PQG.” The underwriters include Morgan Stanley, Goldman Sachs, Citigroup, Credit Suisse and Jefferies. PQ Group Holdings is backed by CCMP Capital Advisors.

PRESS RELEASE

MALVERN, Pa.–(BUSINESS WIRE)–PQ Group Holdings Inc. (NYSE:PQG) (“PQ” or the “Company”) today announced the pricing of its initial public offering of 29,000,000 shares of its common stock at a public offering price of $17.50 per share. The shares are expected to begin trading on the New York Stock Exchange on September 29, 2017 under the ticker symbol “PQG.”

PQ has granted the underwriters a 30-day option to purchase up to an additional 4,350,000 shares of its common stock at the initial public offering price, less underwriting discounts and commissions.

The closing for the offering is expected to occur on October 3, 2017, subject to the satisfaction of customary closing conditions.

Morgan Stanley, Goldman Sachs & Co. LLC, Citigroup and Credit Suisse are acting as joint book-running managers of the proposed offering, and Morgan Stanley and Goldman Sachs & Co. LLC are acting as representatives of the underwriters; J.P. Morgan, Jefferies, Deutsche Bank Securities and KeyBanc Capital Markets are also acting as joint book-running managers; Evercore ISI and Nomura are acting as co-managers.

The offering will be made only by means of a prospectus. Copies of the final prospectus related to the offering may be obtained, when available, from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing prospectus-ny@ny.email.gs.com; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 800-831-9146; or Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, One Madison Avenue, New York, NY 10010, telephone: 1-800-221-1037 or by emailing newyork.prospectus@credit-suisse.com.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on September 28, 2017. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, 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.

About PQ Group Holdings, Inc.
PQ Group Holdings, Inc. is an integrated, global provider of catalysts, specialty materials and chemicals, and services. Our environmental catalysts and services business is a leading global innovator and producer of catalysts for the refinery, emissions control, and petrochemical industries and is also a leading provider of catalyst recycling services to the North American refining industry. Our performance materials and chemicals business is a silicates and specialty materials producer with leading supply positions in North America, Europe, South America, and Asia serving diverse and growing end uses such as personal and industrial cleaning products, fuel efficient tires, surface coatings, and food and beverage products.