BASF’s Multi-Billion Euro Coatings Unit Sale: A Strategic Reshuffle

In a landmark transaction that has captured market attention, US private equity firm Carlyle has prevailed in the competitive bidding to acquire BASF’s coatings division. The deal, valued at approximately 7 billion euros, represents far more than a simple divestiture for the chemical giant and its shareholders. This acquisition injects substantial fresh capital into BASF, potentially heralding a significant strategic shift for the corporation.

The path to this agreement was competitive, with Carlyle ultimately securing the asset after notable rivals, including a consortium led by KPS Capital Partners, withdrew from the bidding process. The business unit in question is a substantial operation, employing 10,300 people and generating annual revenue of 3.8 billion euros. Its specialization lies in the highly profitable automotive coatings sector, making... Read more...