The Carlyle Group to Buy DuPont Performance Coatings Business for $4.9 Billion
WILMINGTON, DE/WASHINGTON, DC - Global alternative asset manager The Carlyle Group, Washington, D.C., and DuPont, Wilmington, DE, have signed a definitive agreement whereby Carlyle will purchase DuPont Performance Coatings (DPC) for $4.9 billion in cash. The transaction is expected to close in the first quarter 2013, subject to customary closing conditions and regulatory approvals.
DPC is a global supplier of vehicle and industrial coating systems with 2012 expected sales of more than $4 billion and more than 11,000 employees. The investment will be funded with equity from Carlyle Partners V and Carlyle Europe Partners III.