General info on Clarios

About Clarios

Clarios is one of the world’s largest suppliers of energy storage solutions. The company designs and manufactures advanced, low-voltage battery technologies that power cars, commercial vehicles, motorcycles, marine vehicles, powersports vehicles and industrial products.

Clarios sells its products through several owned brands such as VARTA, LTH, Heliar, OPTIMA, Delkor and MAC.

IPO figures

The Milwaukee-based company offered 88,080,495 shares at a proposed maximum price of $21/share. Based on its S1 form submitted to the US Security and Exchange Commission, the company could be valued at $10.7 billion. Clarios plans to raise as much as $1.8 billion, with most of the proceeds to be used to pay down debt.

Upon the IPO, entities affiliated with Brookfield and CPDQ will continue to hold 80.1% of shares in Clarios.

Valuation

On a fully diluted basis, which includes mandatory convertible preferred stock, Clarios would be valued at $11.2 billion at the maximum price target. The company, which said it has an enterprise valuation of $18 billion, will start trading on the New York Stock Exchange under the symbol "BTRY".

Basic info about Clarios

• Clarios products power 1 in 3 cars in the world
• Its products are used in more than 140 countries
• Among its backers is Caisse de dépôt et placement du Québec (CDPQ), one of Canada's biggest state pension investors.

Sources: Bloomberg.com, businesswire.com, clarios.com, crunchbase.com, reuters.com, sec.gov, stockanalysis.com