Greetings from the home office for the last time this week, as I'm about to hop a flight to LA (so long as I beat the snow). Be sure to drop me news and views by replying to these morning missives, and please ask your colleagues to sign up for Pro Rata. Here we go...
Top of the Morning
Venture Capital Deals
Private Equity Deals
• Foundation Building Materials, a Tustin, Calif.-based distributor of wallboard and suspended ceiling systems, has set its IPO terms to 12.8 million shares being offered at between $17 and $19 per share. It plans to trade on the NYSE under ticker symbol FBM, with Deutsche Bank listed as left lead underwriter. The company is owned by Lone Star Funds. www.fbmsales.com
• Mauser Group, a Dutch maker of rigid packaging products and services for industrial use, has set its IPO terms to 12.6 million shares being offered at between $20 and $22 per share. It would have a fully-diluted market value of around $1 billion, were it to price in the middle of its range, The company plans to trade on the NYSE under ticker symbol MSR, with BofA Merrill Lynch and Citigroup are serving as lead underwriters. Mauser is owned by Clayton Dubilier & Rice, and reported 1.6 billion in revenue for the 12 months ending last September 30. www.mausergroup.com
• Snap plans to list on the New York Stock Exchange following its upcoming IPO, as first reported by CNBC. http://cnb.cx/2jv9lOa