- In March 2018, Carlyle, the US private equity group, won the competitive auction to acquire
100% of AkzoNobel Specialty Chemicals.
- The deal is to be completed before the end of 2018
- The transaction represents:
– The largest-ever chemicals LBO globally, after Axalta acquisition by Carlyle for $4.9bn in August 2012
– The largest European LBO in the last 10 years
- Advancy acted as a strategic co-advisor for Carlyle