Global alternative asset manager The Carlyle Group L.P., has completed its acquisition of DuPont Performance Coatings for $4.9bn. The company will be renamed Axalta Coating Systems, and the investment was primarily funded with equity from Carlyle Partners V and Carlyle Europe Partners III.
As an independent company, Axalta Coating Systems will build on a foundation of more than 90 years in the coatings industry. The company serves more than 120,000 customers in 130 countries and provides customers with a full range of coating systems.
