PRINT THIS PAGE Blackstone, Apollo and Goldman Sachs prepare $4.7bn IPO for Ondeo Nalco21/05/2004. Source: AltAssets. 
 The private equity consortium, which acquired Ondeo Nalco from French conglomerate Suez for $4.2bn, is planning to float the US water treatment business less than seven months after completing the deal.
Blackstone Group, Apollo Management and Goldman Sachs Capital Partners are hoping to raise in the region of $4.7bn, assuming an 8.5 times multiple of 2003 earnings, potentially making it one of the year's biggest and quickest global flotations, according to a report by the Financial Times.
The planned flotation of Ondeo Nalco is one of a number of major private equity-backed IPOs to have been filed in recent weeks. These include Doughty Hanson's planned listing of both ATU and Umbro for E1.5bn and E200m respectively, and Carlyle and Welsh, Carson, Anderson & Stowe's planned listing of Dex Media for around $1.5bn.
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