DPC Holdings Limited has launched the roadshow for its proposed initial public offering of 23,333,333 ordinary shares to repay debt and fund growth. The offering includes a 30-day option for underwriters to purchase an additional 3,499,999 ordinary shares at the initial public offering price, less underwriting discounts and commissions. The initial public offering price is expected to be between $28.00 and $32.00 per share.

Doncasters intends to use its net proceeds from this offering to, among other uses, repay outstanding indebtedness including repaying its shareholder PIK loan. The remainder will be used for general corporate purposes including funding working capital, future growth projects, and amounts due under its cash-based management incentive plan.

The company has applied to list its ordinary shares on the New York Stock Exchange under the ticker symbol "DPC." Jefferies and Morgan Stanley are acting as lead joint bookrunners for the proposed offering. Barclays and Moelis are acting as joint bookrunners, while RBC Capital Markets and Rothschild & Co are acting as additional bookrunners.

A registration statement on Form S-1 relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. The proposed offering is subject to market conditions, and there can be no assurance as to whether or when the proposed offering may be completed, or as to the actual size or terms of the proposed offering.

Offering Details

Doncasters is a leading independent manufacturer of complex, highly engineered precision cast components and nickel- and cobalt-based superalloys primarily serving the high growth Aerospace and IGT end markets. The Company operates 14 advanced manufacturing facilities across North America, Europe, the United Kingdom and Asia.