DPC Holdings (Doncasters Group), which manufactures complex engine products for aerospace and industrial gas turbines, raised $919 million by offering 27.9 million shares at $33, above the $28 to $32 range. The company offered 4.5 million more shares than anticipated. It raised an additional $144 million in concurrent private placements to certain existing shareholders and the Qatar Investment Authority.
Doncasters Group manufactures precision cast components and nickel- and cobalt-based superalloys for the hot sections of aerospace engines and industrial gas turbines, including turbine blades, vanes, structural castings, and turbocharger wheels. Operating across 14 facilities globally, the company serves leading OEMs under long-term agreements. Its products operate in extreme temperature and pressure environments, requiring specialized metallurgical expertise and large-scale casting equipment. The company serves both the OEM and aftermarket channels across the commercial aerospace, defense, and industrial gas turbine end markets.
The Derby, United Kingdom-based company will trade on the NYSE under the symbol DPC. Jefferies, Morgan Stanley, Barclays, Moelis & Company, RBC Capital Markets, and Rothschild acted as joint bookrunners on the deal.
