The IPO Buzz: QIA to Buy $75 Mln in Doncasters (DPC Proposed) Private Placement

Right on cue: The Qatar Investment Authority (QIA) will buy $75 million of stock in Doncasters Group – DPC Holdings Limited (DPC Proposed), according to an SEC filing early today (Monday, June 22, 2026). The QIA Private Placement is in addition to another concurrent private placement in which certain existing shareholders (including directors) have agreed to buy $66 million of Doncasters stock.

Bankers expect to price Doncasters – DPC Holdings’ IPO on Wednesday night, June 24, 2026 – to trade Thursday, June 25 – on the New York Stock Exchange.

Jefferies and Morgan Stanley are leading the joint book-runners’ team. Barclays and Moelis & Co. RBC Capital Markets and Rothschild are also book-runners.

Doncasters – DPC Holdings Limited is offering 23.3 million shares at $28.00 to $32.00 to raise $700 million, if priced at the $30.00 mid-point of its range. At pricing, it would have a market cap of about $4.15 billion.

Doncasters Group – DPC Holdings Limited (DPC Proposed) manufactures complex precision parts – known as “can’t fail” parts – for engines in the high-growth Aerospace and IGT end markets.

From 1778 to the Jet Age

The engine parts company traces its history back to 1778 when it was founded by Daniel Doncaster in Sheffield, which is about 167 miles northwest of London.

“We have nearly 250 years of history,” Doncasters said in the prospectus. “We began as a file-making business and, over time, expanded into steel converting (and) forging.”

The company is now focused on the manufacturing of investment castings and superalloys, Doncasters Group – DPC Holdings Limited said in the prospectus.

Doncasters – DPC Holdings’ customers include GE Aerospace, Honeywell, Pratt & Whitney and Rolls-Royce, according to the prospectus.

As of March 29, 2026, Doncasters’ order backlog was $930 million, which covered more than 12 months of production of Aerospace and IGT castings, the prospectus said.

Doncasters intends to use the IPO proceeds to pay down debt, including the remaining Shareholder PIK Loan of $154 million, the prospectus said.

Doncasters is not profitable: The company reported a net loss of  $167.0 million on revenue of $886 million for the 12 months that ended March 31, 2026, according to the prospectus.

(For more information about this company, please check the IPO Calendar and the individual IPO Profile found on the IPOScoop.com website.)

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Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.

Source: https://www.iposcoop.com/the-ipo-buzz-qia-to-buy-75-mln-in-doncasters-dpc-proposed-private-placement/