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(Reuters) - Buyout firm Cornell Capital is preparing a U.S. initial public offering (IPO) of Knowlton Development Corp (KDC), which could value the manufacturer and custom formulator of products for the beauty industry at more than $5 billion, according to people familiar with the matter.
Cornell Capital has hired Goldman Sachs Group Inc to lead KDC’s IPO, which may raise around $750 million and come later this year, the sources said, requesting anonymity as the matter is private.
The sources cautioned that the IPO plans are subject to market conditions. Cornell Capital and Goldman Sach declined to comment.
tourn district of new york, an msnbc nbc legal analyst daniel goldman and host of ckdc on msnbc nbc kasie hunt. joe and mika have the morning off. dan, the breaking news concerning paul manafort and robert mueller s russia probe. according to new reporting from the new york times, manafort s attorney has been briefing president trump s lawyers about his meetings with the special counsel s team. the report claims manafort s lawyer repeatedly briefed trump s legal team on his discussions with federal investigators even after manafort agreed to cooperate with the special counsel. that is according to one of mr. trump s lawyers and two people familiar with the conversations. according to the report ruddy skrul yaen acknowledged the arrangement on tuesday and defended it as a source of valuable insight into the special counsel s inquiry and where it was headed. giuliani said in one example that manafort s lawyer had told them prosecutors hammered away