PRINT THIS PAGE Doughty Hanson postpones German ATU offering27/05/2004. Source: AltAssets. 
 Pan-European buy-out group Doughty Hanson has become the latest private equity firm to fall victim to uncertain public markets. The firm has postponed its proposed initial public offering of Auto-Teile-Unger (ATU), the German car parts and accessories group.
Werner Aichinger, ATU chief executive, told the Financial Times that the IPO had been abandoned because it could not agree a valuation with investors. But he went on to say that it remained the intention of the ATU and Doughty Hanson to pursue a flotation.
The announcement raises concerns about other IPOs planned by Doughty Hanson including Umbro Holdings, the sports clothing retailer. Umbro has been valued at between £177m and £202m. Doughty is also trying to sell Dunlop Standard Aerospace, the aircraft components group.
Doughty is currently working on raising an E3bn fund and the success of its string of exits will be fundamental to this effort.
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