GNC Acquisition Holdings files for $350M IPO
GNC Acquisition Holdings Ltd, which is backed by Ares Management Inc and the Ontario Teachers’ Pension Plan, has filed for a $350 million IPO. GNC was bought from Apollo Management in March 2007 for $1.65 billion. It will issue Class A common shares. GNC, based in Pittsburgh, sells a range of health products and reported net income of $25.4 million dollars in the April-June quarter, on revenue of $455.7 million.
29 September 2010•1 min read
