Bain Capital is selling Sensata Technologies via a $632 million initial public offering (IPO), Bloomberg reports. With the offering, the private equity firm, which acquired the car parts maker in a $3 billion leveraged buyout, will see a profit of about 177%.

Sensata, which is divesting its 18% stake, will offer 31.6 million shares. It will use $352 million to partly repay its debt, provide $22.1 million to Bain and its co-investors in advisory fees and retain $84.1 million. The offering will cut Sensata’s debt to $1.94 billion and increase cash to $232.6 million.

Click here for the story from Bloomberg.