Buyout firm TPG Capital Management LP is exploring a sale or initial public offering of Nexeo Solutions LLC, hoping a deal would value the U.S. chemical distribution company at close to $2 billion, including debt, according to people familiar with the matter. TPG is interviewing investment banks to appoint financial advisers that will help determine whether it will make more money selling Nexeo outright as opposed to taking it public and then selling down shares, the people said this week. Nexeo has annual earnings before interest, taxes, depreciation and amortization of $180 million, one of the people added. The sources...