Private equity holders are prepared to take HD supply citizens buy industrial distribution company, home depot (HD. N) for $85 billion, nearly six years later, three people familiar with the matter said on Monday.
Bain Capital (Bain Capital), Carlyle investment Group (Carlyle Group) and Clayton, Dubilier&Rice company, purchase the company's common leadership the deal in 2007, interview plan next week choose proposed initial public offerings (IPO) underwriters for the investment bank said.
Bain and CD&R representative declined to comment. Carlyle and HD supply did not immediately respond to requests for comment.
HD power construction of one of the largest distributors in North America area of industry and maintenance supplies and IPO's latest attempt to use the real estate market rebound, the United States credit market turmoil suffered a heavy blow at the end of 2007.
Low interest rates and rising rents, make a lot of consumers to purchase housing, the housing market recovery.
Home depot's acquisition, keep 12.5% of the shares, HD supply of quasi IPO refused to comment on the report.
After construction into dollars $1.2 billion company, Home Depot (Home Depot) stripping HD supply, but as the credit crisis in the trade at the same time, business suffer later in the real estate market downturn.
HD Supply company's performance in recent years, significant improvement from the financial crisis in the trough, residential and commercial buildings rebounds. According to the report in January 2012 the end of the fiscal revenues of $7 billion more than $500 million, adjusted earnings not meter interest, tax, depreciation and amortisation earnings before (EBITDA).
By October 2012 check of nine months, sales year-on-year growth of 12.4%, to $60 billion, up 30% EBITDA by adjusting to $529 million, the same period the previous year.
The housing market's recovery is encouraging other listed companies hold.
In the three apartment company (TPH. N) of the public in more than ten years, the first residential builders shares rose more than 17% in January, the first day of trading.
Plywood manufacturers Boise Cascade company co., LTD. (BCC. N), the product use new residential building and rebuilding project, in February 21 dollars evaluate to become a shareholder. It improved the price range from previous and yuan to twenty yuan, 16 yuan to eighteen yuan.
Taylor Morrison, the establishment of single homes and planning community, will also go to public in March, previously told Reuters. At first, the company has applied for $250 million IPO, it twice.
 
 



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