Carlyle to sell remaining Axalta Coating stake

Carlyle Group is exiting Axalta Coating Systems Ltd. Carlyle is selling about 41.6 million shares of Axalta in a secondary offering. Following the transaction Carlyle will not beneficially own any of Axalta’s common shares, other than de minimis amounts held or owned from time to time in the ordinary course of business. Carlyle acquired Axalta, a former Dupont unit that makes liquid and powder coatings for the automotive and general transportation industries, in February 2013 for $4.9 billion, Reuters has reported. Axalta went public in November 2014.

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