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Tochigi Ontario Holdings comments on KKR-backed US Foods filing for IPO

On Tuesday, backed by KKR & Co. and Clayton Dubilier & Rice, US Foods Holding Corp. has filed for IPO with an offering size of $100 million. 
 
In 2013, Sysco had proposed to merge with this renowned food distributor. However, the merger was disapproved by a federal judge concerned that the amalgamation of the two companies would restrict competition in the industry. 
 
In the United States, only two companies have sold their shares publicly this year. The number was so low due to the rapid changes in share prices disinteresting potential firms and investors in listing their stock on the US stock exchange listings. Beijing based biotech firm BeiGene Limited and a gene-editing firm with GV and Bill Gates as investors called Editas Medicine Inc. were the two ambitious firms to make their public share trading debut in the stock market.
 
“US Foods Holding Corp. was taken over by KKR and CD&R back in 2007 via a leveraged buyout, for an amount of $7.1 billion,” commented Michael Walker, Director of Corporate Equities at Tochigi Ontario Holdings. 

Tochigi Ontario Holdings comments on KKR-backed US Foods filing for IPO 


 
In addition, Rosemont announced it had incurred a $73 billion loss on net sales of $23 billion for the fiscal year 2014. This Illinois-based firm further shed some light on its net income of $177 million, which it earned in exchange for net sales amounting to $17.2 billion on September 26th, completing its 39th week in the industry.
 
According to Tochigi Ontario Holdings’ data, it was revealed that AdvancePierre Foods raised $2.5 billion in capital from Morgan Stanley, Barclays Plc., and Credit Suisse Group AG. 
 
US Foods will list on the New York Stock Exchange using its company ticker USFD. It has not mentioned its underwriters on the filing procedure which held on Tuesday.


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