About This Deal

The Carlyle Group acquired DuPont Performance Coatings (Axalta Coating Systems) for $4.9B, a transaction completed in February 2013, structured as Corporate carve-out from DuPont; largely equity-funded.

DuPont Performance Coatings (Axalta Coating Systems) operates in Corporate Private Equity — Industrials / Coatings, is based in Philadelphia, Pennsylvania, USA. Carlyle acquired DuPont Performance Coatings, a leading global maker of vehicle and industrial coatings, from DuPont for $4.9 billion and renamed it Axalta Coating Systems. The carve-out was funded primarily with equity from Carlyle Partners V and Carlyle Europe Partners III. Carlyle took Axalta public in late 2014.

Acquire a global top-tier coatings manufacturer with strong aftermarket demand and margin-improvement potential as a standalone company.

Deal Terms

Acquirer
The Carlyle Group
Target
DuPont Performance Coatings (Axalta Coating Systems)
Value
$4.9B
Date
February 2013
Type
Acquisition
Status
Official-source — no SEC filing

Transaction Details

Target HQ
Philadelphia, Pennsylvania, USA
Segment
Corporate Private Equity — Industrials / Coatings
Structure
Corporate carve-out from DuPont; largely equity-funded
Announced
August 30, 2012
Closed
February 1, 2013

Advisors

Advisory firms were not disclosed for this transaction.

Sources: Press release ↗ · SEC filing ↗

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