Bain Eyes €8B Ahlstrom IPO or Exit
Bain Capital weighs IPO or sale of Ahlstrom at up to €8B, targeting ESG-focused investors via Amsterdam amid rising demand for sustainable industrial assets.
Bain Capital is weighing a dual-track exit for Ahlstrom, the Finnish specialty materials company it acquired in 2022. The two options on the table: a public listing in Amsterdam or a strategic private sale. The potential valuation of the business in either scenario is estimated between €7 billion and €8 billion, signaling a substantial return on Bain’s earlier investment.
Ahlstrom, known for producing sustainable fiber-based materials used in filtration, medical, packaging, and industrial applications, is currently preparing IPO groundwork with Rothschild & Co, while Morgan Stanley is reportedly assessing potential sale routes.