Latham Aids Carlyle In $4.9B DuPont Unit Deal

Law360, New York (August 30, 2012, 2:31 PM EDT) -- The Carlyle Group on Thursday notched its third multibillion-dollar deal of the summer, announcing that it will buy DuPont Co.'s automotive and industrial coatings business for $4.9 billion.

Through its investment, Carlyle will take over DuPont Performance Coatings, a global business with 11,000 employees and anticipated 2012 sales numbers north of $4 billion. DuPont, an industrial conglomerate, is unloading the business to focus more heavily on its agriculture, nutrition and biotechnology businesses, it said.

The pair did not give a specific financing breakdown, but said they...
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