February 8, 2021

Milbank Advises Underwriters in Atotech IPO


Milbank advised the underwriters in connection with the $498 million initial public offering for Atotech Limited. Atotech is a specialty chemicals company with headquarters in Germany and incorporated in Jersey. It focuses on surface finishing for smartphones and products in the housing and automotive industries, and is a portfolio company of The Carlyle Group.

Atotech priced 29,268,000 of its common shares at $17 per share and opened on the New York Stock Exchange under the ticker symbol ‘ATC.’ 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.

Milbank previously advised the arrangers and bookrunners in Atotech’s acquisition by The Carlyle Group in 2017.

The Milbank team was led by Global Capital Markets partners Rod Miller and Ben Miles and special counsel Lesley Janzen.