BASF to sell Coatings business to Carlyle in EUR 7.7 billion deal
巴斯夫将以77亿欧元向凯雷出售涂料业务
BASF has agreed to sell its automotive OEM coatings, refinish coatings, and surface treatment businesses to Carlyle and the Qatar Investment Authority (QIA) for EUR 7.7 billion. The closing is expected in the second quarter of 2026.
巴斯夫已同意以77亿欧元的价格将其汽车OEM涂料、修补漆和表面处理业务出售给凯雷投资集团和卡塔尔投资局.预计交易将在2026年第二季度完成。
BASF and Carlyle sign agreement on a EUR 7.7 billion transaction to create a standalone coatings company.
图: 巴斯夫和凯雷集团签署一项价值77亿欧元的交易协议,以创建一家独立涂料公司
BASF has entered into a binding agreement to divest its automotive OEM coatings, refinish coatings, and surface treatment businesses – collectively known as BASF Coatings – to funds managed by The Carlyle Group, in partnership with the Qatar Investment Authority (QIA). The transaction values the business at EUR 7.7 billion.
BASF will retain a 40 % equity stake in the new company and expects a pre-tax cash inflow of around EUR 5.8 billion upon closing. Completion of the transaction is anticipated in the second quarter of 2026, subject to regulatory approval.
巴斯夫签署了一项具有约束力的协议:将其汽车OEM涂料、修补涂料和表面处理业务（统称为巴斯夫涂料）出售给凯雷集团与卡塔尔投资局（QIA）合作管理的基金,该交易估值为77亿欧元。巴斯夫将保留新公司40%的股权,预计交易完成后税前现金流入约58亿欧元.待监管部门批准后,交易预计将于2026年第二季度完成.
Carlyle to drive growth and standalone development
BASF Coatings generated EUR 3.8 billion in sales in 2024 and operates across Europe, the Americas, and Asia-Pacific. Carlyle plans to work closely with the management team, investing in innovation, commercial capabilities, and organisational development to enhance customer focus.
“We look forward to partnering with Carlyle, whose industry expertise and carve-out experience will position BASF Coatings for long-term success,” said Dr Markus Kamieth, Chairman of the Board of Executive Directors of BASF SE. Retaining an equity share demonstrates BASF’s confidence in the business’s future value creation.
According to Anup Kothari, BASF Executive Board member responsible for Coatings, the transaction “opens a new chapter full of opportunity and growth potential.”
凯雷将推动增长和独立发展
2024年,巴斯夫涂料销售额达38亿欧元,业务遍及欧洲、美洲和亚太地区.凯雷计划与管理团队密切合作,在创新、商业能力和组织发展方面进行投资,以增强对客户的关注.
巴斯夫执行董事会主席Markus Kamieth博士表示：“我们期待与凯雷合作,凯雷的行业专业知识和剥离经验将使巴斯夫涂料取得长期成功.”保留股权表明巴斯夫对业务未来价值创造的信心。巴斯夫负责涂料业务的执行董事会成员Anup Kothari表示,此次交易“开启了充满机遇和增长潜力的新篇章。”
Experienced investors and focus on continuity
Carlyle brings a proven track record in industrial and chemical carve-outs, with prior investments in Axalta, Atotech, and Nouryon. QIA CEO Mohammed Al-Sowaidi stated that the investment aligns with QIA’s strategy to support “leading industrial players with long-term resilience.”
BASF confirmed that business continuity and employee representation will be maintained throughout the process.
投资者经验丰富,公司将注重持续性
凯雷在工业和化工拆分方面有着良好的记录,此前曾投资艾仕得（Axalta）、安美特（Atotech）和Nouryon.卡塔尔投资局首席执行官Mohammed Al-Sowaidi表示,这项投资符合卡塔尔投资局的战略,即支持“具有长期弹性的领先工业企业”。
巴斯夫确认,在整个出售过程中,将保持业务连续性和员工代理性.
备注:
本文章原文来自欧洲涂料网站:
https://www.european-coatings.com/news/markets-companies/basf-to-sell-coatings-business-to-carlyle-in-eur-7-7-billion-deal/
最初发布时间:10.10.2025
图片来源:BASF
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