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Carlyle Group Nears $5B Deal With DuPont

The private equity firm is bidding to buy DuPont's auto paint business


The Carlyle Group (NASDAQ:CG) is in talks with Dupont (NYSE:DD) to acquire the chemical maker’s auto paint unit for close to $5 billion, according to the New York Post.

Other private equity firms are circling the business including Blackstone (NYSE:BX), Kohlberg Kravis Roberts (NYSE:KKR) and Apollo Management.

Buying Into M&A High Profile Acquisitions
Buying Into M&A High Profile Acquisitions

Should the deal succeed, Carlyle will be paying roughly eight times the auto paint business’ annual pre-tax earnings.

Carlyle has announced a $10 billion investment fund for this year, but reportedly has yet to completely spend the $13.7 billion raised for its North American fund in 2007.

It has raised at least $2 billion for this year’s fund.

Carlyle teamed with BC Partners to acquire Hamilton Sundstrand from United Technologies (NYSE:UTX) for $3.5 billion in July.

Shares of DuPont rose more than 1% in Monday afternoon trading, while Carlyle shares edged up fractionally.

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