The Valence Group has advised The Carlyle Group on its announced acquisition of AkzoNobel’s Specialty Chemicals Business for €10.1 billion (approx. $12.5 billion). The transaction is expected to be completed before the end of 2018. This will be the largest ever leveraged buy-out in the chemicals industry.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $195 billion of assets under management across 317 investment vehicles as of December 31, 2017. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Credit and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,600 people in 31 offices across six continents.
Headquartered in Amsterdam, the Netherlands, AkzoNobel N.V. (AKZA; AKZOY) has approximately 46,000 people in around 80 countries, with a portfolio that includes well-known brands such as Dulux, Sikkens, International, Interpon and Eka.