Akzo Nobel Sells Chemicals Unit to Carlyle for $12.5 Billion
March 27, 2018 | Andrew Marc Noel
Akzo Nobel NV’s sale of its specialty chemicals unit to U.S. private equity firm Carlyle Group for 10.1 billion euros ($12.5 billion) is set to transform the Dutch company into a more focused supplier of paints and coatings.
JPMorgan, HSBC, and Lazard advised the Dutch company on the sale, while Evercore and Valence worked with Carlyle on its proposal. Barclays, HSBC, and JPMorgan are leading the debt financing backing the transaction.
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