Carlyle-Led Consortium to Buy Akzo Nobel's Chemicals Unit for $12.6 Billion


A consortium led by U.S. private equity giant Carlyle Group LP agreed Tuesday to buy the specialty chemicals business of Dutch paints giant Akzo Nobel N.V. for €10.1 billion ($12.6 billion) including debt, as the competition for bigger, riskier deals between cash-rich buyout firms heats up.

Akzo’s chemicals are used in a wide range of products from plastic bags to solar panels. The sale is a key part of the Amsterdam-based manufacturer’s plan to boost its share price to appease Elliott Management Corp., the U.S. activist hedge…



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