Press Release : Atotech Prices Initial Public Offering

   BERLIN, Feb. 03, 2021 (GLOBE NEWSWIRE) -- Atotech Limited ("Atotech"), a 
leading specialty chemicals technology company and a market leader in 
advanced electroplating solutions, has priced its initial public 
offering of 29,268,000 of its common shares at $17.00 per share. The 
shares are expected to begin trading on Thursday, February 4, 2021 on 
the New York Stock Exchange under the ticker symbol "ATC," and the 
offering is expected to close on February 8, 2021, subject to customary 
closing conditions. The underwriters of the offering will also have a 
30-day option to purchase up to an additional 4,390,200 common shares 
from certain affiliates of The Carlyle Group Inc. (the "selling 
shareholders"). 
 
   Citigroup, Credit Suisse, BofA Securities and J.P. Morgan are lead 
book-running managers for the proposed initial public offering. 
Additional book-running managers are Barclays, Deutsche Bank Securities, 
Jefferies, RBC Capital Markets, UBS Investment Bank, Baird, BMO Capital 
Markets and HSBC. The co-managers are TCG Capital Markets L.L.C. and 
Mischler Financial Group, Inc. 
 
   A registration statement relating to these securities has been declared 
effective by the U.S. Securities and Exchange Commission ("SEC"). The 
offering of these securities is being made only by means of a written 
prospectus forming part of the effective registration statement. A copy 
of the final prospectus relating to the offering will be filed with the 
SEC, which may be obtained, when available, from Citigroup Global 
Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island 
Avenue, Edgewood, NY 11717, Attn: Prospectus Department, Telephone: 
[phone]; Credit Suisse Securities (USA) LLC, 6933 Louis Stephens 
Drive, Morrisville, NC 27560, Attn: Prospectus Department, Telephone: 
[phone], Email: [e-mail]; BofA Securities, 
NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 
28255-0001, Attn: Prospectus Department, Email: 
[e-mail]; and J.P. Morgan Securities LLC, c/o 
Broadridge Financial Solutions, 1155 Long Island Ave., Edgewood, NY 
11717, Attn: Prospectus Department, Telephone: [phone], Email: 
[e-mail]. 
 
   This press release shall not constitute an offer to sell or the 
solicitation of an offer to buy, nor shall there be any sale of these 
securities in any state or jurisdiction in which such offer, 
solicitation or sale would be unlawful prior to registration or 
qualification under the securities laws of any such state or 
jurisdiction. 
 
   Cautionary Statement Concerning Forward-Looking Statements 
 
   This release contains certain forward-looking statements regarding 
Atotech and its subsidiaries and the initial public offering of 
Atotech's common shares. All of these statements are based on 
management's expectations as well as estimates and assumptions prepared 
by management that, although management believes them to be reasonable, 
are inherently uncertain. These statements involve risks and 
uncertainties, including, but not limited to, economic, competitive, 
governmental and technological factors outside of Atotech's control that 
may cause its business, industry, strategy, financing activities or 
actual results to differ materially. Atotech undertakes no obligation to 
update or revise any of the forward-looking statements contained herein, 
whether as a result of new information, future events or otherwise. The 
pricing information presented herein has been provided for indicative 
purposes only, is an estimate and remains subject to change. 
 
   About Atotech 
 
   Atotech is a leading specialty chemicals technology company and a market 
leader in advanced electroplating solutions. Atotech delivers chemistry, 
equipment, services and software for innovative technology applications 
through an integrated systems-and-solutions approach. Atotech solutions 
are used in a wide variety of end-markets, including smartphones and 
other consumer electronics, communications infrastructure, and computing, 
as well as in numerous industrial and consumer applications such as 
automotive, heavy machinery, and household appliances. 
 
   Atotech, headquartered in Berlin, Germany, is a team of 4,000 experts in 
over 40 countries generating annual revenues of $1.2 billion (2019). 
Atotech has manufacturing operations across Europe, the Americas, and 
Asia. With its well-established innovative strength and industry-leading 
global TechCenter network, Atotech delivers pioneering solutions 
combined with unparalleled on-site support for over 8,000 customers 
worldwide. 
 
   Contacts: 
 
   Paul Goldberg 
 
   [phone] 
 
   [e-mail] 
 
   Susanne Richter 
 
   [phone] 
 
   [e-mail] 
 
 
 
 

(END) Dow Jones Newswires

February 03, 2021 20:11 ET (01:11 GMT)