IFLR1000

Carlyle Group/GIC €10.1 billion acquisition AkzoNobel speciality chemicals business

27/3/2018
Acquisition finance, Asset acquisition
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€ 10.1 billion

$ 12.411 billion

Completed

27/3/2018

Overview:

  • The Carlyle Group and GIC have acquired the speciality chemicals division of Dutch paints and chemicals manufacturer AkzoNobel for €10.1 billion.
  • GIC is the sovereign wealth fund of Singapore.
  • JPMorgan, HSBC, Lazard, Deloitte, Nexant, WTW, ERM and Merilil Datasite all acted as advisors to AkzoNobel on the matter.
  • Evercore, Valence, ERM PwC, WTW, Aon, Risk International, Sweco and Bain & Company advised the purchasers on the deal.
  • The acquisition comes two years after the two buyers previously joined together in the $7.4 billion acquisition of Veritas Technologies.

Jon Moore - Journalist

Jurisdictions:

United States
Denmark
Netherlands
Sweden
United Kingdom

Deal types:

Acquisition finance
Asset acquisition

Practice areas:

Banking
M&A

Industry sector:

Industrials and manufacturing

Firms:
Baker McKenzie

Party: Carlyle Group (Borrower)

Lawyer: Mats Rooth

De Brauw Blackstone Westbroek

Party: Akzo Nobel (Seller)

Lawyer: Arne Grimme

Horten

Party: JPMorgan Chase (Lender)

Party: HSBC (Lender)

Party: Barclays (Lender)

Lawyer: Lars Lüneborg

Kromann Reumert

Party: Carlyle Group (Borrower)

Latham & Watkins

Party: Carlyle Group (Acquirer)

Lawyers: David Dantzic, Jason Licht, Jeffrey Chenard, Manu Gayatrinath, Marc Granger, Michael Bond, Patrick Shannon

Loyens & Loeff

Party: Carlyle Group (Acquirer)

Lawyer: Harmen Holtrop

Milbank

Party: Barclays (Lender)

Party: HSBC (Lender)

Party: Credit Suisse (Lender)

Party: Deutsche Bank (Lender)

Party: Morgan Stanley (Lender)

Party: Royal Bank of Canada (Lender)

Party: Citibank (Lender)

Party: Nomura (Lender)

Party: UBS (Lender)

Party: BNP Paribas (Lender)

Party: Credit Agricole (Lender)

Party: Mizuho Bank (Lender)

Party: MUFG (Lender)

Party: Royal Bank of Scotland (RBS) (Lender)

Party: Societé Générale (Lender)

Party: Bank of China Ltd (Lender)

Party: ABN Amro (Lender)

Party: Commerzbank AG (Lender)

Party: Rabobank (Lender)

Party: SEB (Lender)

Party: Bank of Ireland (Lender)

Party: Standard Chartered (Lender)

Party: ING (Lender)

Party: Allied Irish Banks (AIB) (Lender)

Lawyers: Marcus Dougherty, Marcus Dougherty, Rebecca Marques, Rod Miller, Suhrud Mehta

Proskauer Rose

Party: GIC (Acquirer)

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