(Adds details, background)
May 1 Spanish call center operator Atento SA,
owned by Bain Capital Partners LLC, filed with U.S. regulators
to raise up to $300 million in an initial public offering of its
Morgan Stanley, Credit Suisse and Itau BBA are among the
lead underwriters for the offering, the company told the U.S
Securities and Exchange Commission in a preliminary prospectus
on Thursday. (link.reuters.com/wef98v)
Private equity firm Bain Capital bought Atento Group from
Telefonica SA, Europe's biggest telecom operator by
revenue, in 2012 for about 1 billion euros ($1.3 billion)
The filing did not reveal how many shares Atento planned to
sell or their expected price.
The company intends to list on the New York Stock Exchange
but did not specify the symbol.
Atento, which runs helpdesks, back offices and other service
desks, has about half of its staff in Brazil.
The company started life in 1999 when Telefonica hived off
its call center business in Spain, Peru and Chile into a
separate unit. The company employs about 155,000 people.
Net proceeds would be used to repay debt and for general
corporate purposes, the company said in the filing.
Atento reported a loss attributable to equity holders of $4
million on revenue of $2.34 billion in 2013.
The amount of money a company says it plans to raise in its
first IPO filings is used to calculate registration fees. The
final size of the IPO could be different.
(Reporting by Avik Das in Bangalore; Editing by Sriraj