VWR Considers IPO
As of March 31, VWR had $130 million of cash and cash equivalents on hand. Adjusted EBITDA grew 3.7% to $434.0 million for the 12 months ending March 31.
New York, NY 5/22/14—The Wall Street Journal reported that VWR is in talks about a possible IPO or sale, according to sources. VWR and owner Madison Dearborn Partners have talked with banks in recent weeks about an IPO to raise $750 million. Such an offering would value the equity in VWR at $4 billion. As of March 31, VWR had net debt and other obligations of $2.7 billion, or 6.3x EBITDA.
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