Skip to content
Subscriber Only

Carlyle to Buy DuPont’s Auto-Paint Unit for $4.9 Billion

Carlyle Group LP, the world’s second-largest private equity firm, agreed to acquire DuPont Co.’s auto-paint unit for $4.9 billion, giving it control of the second-biggest maker of coatings for cars and trucks.

Carlyle will fund its investment with equity from Carlyle Partners V and Carlyle Europe Partners III, the companies said today in a joint statement. The transaction value is $5.15 billion including Carlyle’s assumption of $250 million in unfunded European pension liabilities, DuPont Chief Financial Officer Nicholas Fanandakis said on a conference call.