# AkzoNobel completes sale of specialty chemicals to Carlyle and GIC

AkzoNobel has completed the sale of its specialty chemical business to private equity firm Carlyle Group and GIC for $11.6 billion.

- Type: Acquisition
- Announced: 2018-10-02
- Where: Aberdeen, Scotland, United Kingdom
- Value: $11.6B
- Status: completed
- Products: specialty chemicals
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Akzo Nobel](https://endata.com/companies/22737.md)
- [Carlyle Group](https://endata.com/companies/458.md) (acquirer)
- [EnerMech](https://endata.com/companies/2218.md) (target)
- [GIC](https://endata.com/companies/7738.md) (acquirer)
- [AkzoNobel](https://endata.com/companies/11242.md) (partner)
- [Lime Rock Partners](https://endata.com/companies/11971.md) (partner)

## Sources

- [cen.acs.org](https://cen.acs.org/business/mergers-&-acquisitions/AkzoNobel-completes-sale-specialty-chemicals/96/i40), 2018-10-05: "AkzoNobel has completed the sale of its specialty chemical business to the private equity firm Carlyle Group and its partner, GIC, a Singapore government-backed investment firm, for $11.6 billion."
- [private-equitynews.com](https://www.private-equitynews.com/news/the-carlyle-group-acquires-enermech-from-lime-rock-partners/), 2018-10-15: "This transaction marks the beginning of a new chapter for EnerMech as we continue to develop our business, grow our global footprint and enter new markets."
- [pcimag.com](https://www.pcimag.com/articles/keyword/2065-acquisitions?page=23), 2018-11-16: "Akzo Nobel N.V. has completed the sale of the Specialty Chemicals business to 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.