Published on 30th August 2012
The Carlyle Group has agreed to buy DuPont Performance Coatings, a maker of automotive paints, for $4.9 billion in cash, as the private equity firm continues its deal-making frenzy. The private equity firm, which is purchasing the business from DuPont, said it was attracted by the unit’s technology and brands, as well as its exposure to developing markets like China and Brazil. The group is expected to generate more than $4 billion in revenue this year. [The New York Times]