Two More IPO Candidates
Buyout bosses have IPO fever, and last week's frenzied news cycle confirmed it. Today the Financial Times jumped on the exit-story bandwagon with its own version of the KKR/Dollar General story. On that note, we'd like to add two more potential IPO candidates to our list of 15 from last week. 16. Dollarama (Bain Capital) I don't know how I overlooked this one, but this Canadian discount retailer must be performing on par with Dollar General. Bain Capital took over the company in 2004, when the firm purchased an 80% stake for $850 million. The company just reported its first quarter earnings for fiscal 2010 and they're looking strong: "For the 13-week period ended May 3, 2009, Dollarama Group L.P. recorded sales of $273.4 million, a 15.5% increase from $236.8 million the prior year. Comparable store sales rose 7.5% over the same quarter last year, lifted in part by 4.0% increase in average transaction size, as well as a 3.5% increase in store traffic."
