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Ultra Clean
Menlo Park, Calif.-based UltraClean Holdings Inc. is planning an $86.25 million initial public offering, according to its prospectus filed Wednesday with the Securities and Exchange Commission.
UltraClean is a developer and supplier of gas delivery systems that provide specialty gases used to make semiconductors. Formed in 1991 by Mitsubishi Corp., UltraClean was operated as a unit until it was acquired in November 2000 by some of its key employees and FP-Ultra Clean LLC, a wholly owned subsidiary of private equity firm Francisco Partners LP. FP-Ultra Clean now owns 95.2% of UltraClean.
Although UltraClean didn't specify the number of shares, a per share price range or the total …