# AkzoNobel to sell Specialty Chemicals to Carlyle and GIC for €10.1B

AkzoNobel announced the sale of its Specialty Chemicals business to The Carlyle Group and GIC for an enterprise value of €10.1 billion. The transaction is expected to close before the end of 2018.

- Type: Acquisition
- Announced: 2018-03-27
- Where: Netherlands
- Value: $12.4B (10.1B EUR)
- Status: announced
- Products: specialty chemicals
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [AkzoNobel](https://endata.com/companies/11242.md)
- [Akzo Nobel](https://endata.com/companies/22737.md)
- [Carlyle Group](https://endata.com/companies/458.md) (acquirer)
- [GIC](https://endata.com/companies/7738.md) (acquirer)
- [GIC](https://endata.com/companies/7738.md) (investor)
- [AkzoNobel](https://endata.com/companies/11242.md) (partner)
- [AkzoNobel](https://endata.com/companies/11242.md) (target)
- [Akzo Nobel](https://endata.com/companies/22737.md) (target)

## Sources

- [akzonobel.com](https://www.akzonobel.com/en/media/media-releases/akzonobel-to-sell-specialty-chemicals-to-the-carlyle-group-and-g), 2018-03-27: "AkzoNobel today announces the sale of 100% of its Specialty Chemicals business to The Carlyle Group and GIC for an enterprise value of €10.1 billion."
- [globenewswire.com](https://www.globenewswire.com/news-release/2018/03/27/1453309/0/en/AkzoNobel-to-sell-Specialty-Chemicals-to-The-Carlyle-Group-and-GIC-for-10-1-billion.html), 2018-03-27: "AkzoNobel today announces the sale of 100% of its Specialty Chemicals business to The Carlyle Group and GIC for an enterprise value of €10.1 billion."
- [wsj.com](https://www.wsj.com/articles/carlyle-led-consortium-to-buy-akzo-nobels-chemicals-unit-for-12-6-billion-1522135966), 2018-03-27: "A consortium led by private-equity giant Carlyle Group LP agreed Tuesday to buy the specialty chemicals business of Dutch paints giant Akzo Nobel NV for €10.1 billion ($12.6 billion) including debt."
- [business-standard.com](https://www.business-standard.com/article/companies/akzo-nobel-to-sell-chemical-arm-to-carlyle-singapore-s-gic-for-12-billion-118032700435_1.html), 2018-03-27: "Akzo Nobel has agreed to sell its specialty chemicals business to US private equity firm Carlyle Group and Singapore’s GIC for €10.1 billion ($12.6 billion), including debt."
- [themiddlemarket.com](https://www.themiddlemarket.com/articles/carlyle-acquires-akzo-nobels-specialty-chemicals-business), 2018-03-27: "Carlyle buys Akzo Nobel's specialty chemicals business, after the target considered a company breakup"
- [cen.acs.org](https://cen.acs.org/business/mergers-&-acquisitions/AkzoNobel-sell-chemical-division-Carlyle/96/i14), 2018-03-30: "AkzoNobel has agreed to sell its chemical business to the Carlyle Group, a private equity firm, and its partner, the Singapore-based investment firm GIC, for $12.5 billion."
- [canplastics.com](https://www.canplastics.com/materials/akzonobel-sell-specialty-chemicals-carlyle-group/1003448020/), 2018-04-03: "AkzoNobel announces the sale of 100% of its Specialty Chemicals business to The Carlyle Group and GIC for an enterprise value of €10.1 billion (US$12.4 billion)."
- [chemicalprocessing.com](https://www.chemicalprocessing.com/industrynews/news/11313688/akzonobel-will-sell-specialty-chemicals-group-chemical-processing), 2018-04-03: "AkzoNobel announces the sale of 100% of its Specialty Chemicals business to The Carlyle Group and GIC for an enterprise value of €10.1 billion (US$12.4 billion)."
- [chemistryworld.com](https://www.chemistryworld.com/news/akzonobel-sells-off-specialty-chemicals-arm-in-10bn-deal/3008856.article), 2018-04-05: "AkzoNobel is to sell its specialty chemicals business to US private equity firm Carlyle Group and one of its investment partners."
- [proskauer.com](https://www.proskauer.com/release/proskauer-advises-gic-on-101-billion-acquisition-of-akzo-nobels-specialty-chemicals-business), 2018-04-16: "Proskauer advised GIC on its acquisition, with The Carlyle Group, of the specialty chemicals business of Akzo Nobel for €10.1 billion."
- [doi.org](https://doi.org/10.1016/s0306-3747(18)30080-0), 2018-05-01: "Dutch company AkzoNobel has agreed to sell its Specialty Chemicals business to investment partners The Carlyle Group and GIC for an enterprise value of € 10.1 billion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.