Carlyle’s and Vestar’s £130m selldown of shares in AZ Electronic Materials 

02 March 2012 - Rothschild acted as sole financial adviser to Carlyle and Vestar on their £130m sell-down in AZ Electronic Materials (AZ). The transaction represents the final selldown and the full exit of Carlyle and Vestar from AZ following the £440m IPO in October 2010 and two subsequent selldowns in 2011, raising a total of £906m.

Rothschild advised on all key elements of the transaction including structure, timing, size and pricing considerations.

Rothschild has a strong track record in advising financial sponsors on IPOs and follow-on offerings. The firm was retained as adviser to Carlyle and Vestar following the IPO of AZ Electronic Materials in October 2010, and was the only investment bank to be involved across all four transactions.