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CommScope plans IPO

U.S.-based CommScope, which was a publicly traded company before being acquired and taken private by Carlyle Group, plans to launch an IPO to raise $750 million.

"CommScope intends to use the net proceeds from the offering to redeem a portion of CommScope Inc.'s 8.25% senior notes due 2019 and to pay related fees, expenses, and premiums," CommScope said in a statement announcing the filing, "with the remainder of the proceeds to be used for general corporate purposes." In late 2010, CommScope agreed to be bought by the CarlyleGroup for a reported $3.9 billion.

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