The 2020 Mid-Year Economic Update_long

HD Supply Preparing for IPO?

Reuters reporting that HD Supply's private equity owners seeking $8.5 billion.

The private equity owners of HD Supply, Atlanta, GA, are preparing to take the distributor public, Reuters reported. Bain Capital, Carlyle Group and Clayton, Dubilier & Rice, which purchased HD Supply from Home Depot Inc. (NYSE: HD) six years ago, are reported hoping to raise $8.5 billion in the proposed initial public offering.

According to Reuters, Bain Capital, Carlyle Group and Clayton, Dubilier & Rice plan to interview investment banks next week to select underwriters for the IPO.

HD Supply is No. 3 on MDM's list of top industrial distributors and also appears on the electrical and building materials/construction lists. Reuters attributes the move to an "attempt to capitalize on the rebound in the U.S. housing sector."

Home Depot maintained a 12.5 percent stake in HD Supply as part of the buyout.

For the nine months ended Oct. 28, 2012 – the latest data available – sales increased 12.4 percent year-over-year to $6 billion. The distributor reported a loss for the period of $466 million.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.