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Chemical Week Magazine :: Business & Finance :: United States/Americas

Carlyle’s Axalta files for $100-million IPO

6:22 AM MDT | August 29, 2014 | —Vincent Valk

Coatings maker Axalta has filed with the SEC for an initial public offering worth up to $100 million, according to regulatory filings. The filing, which consists of a preliminary prospectus, does not specify the timing of a potential IPO or the price or number of shares in the offering. Axalta says it will use any proceeds from an IPO to pay down debt will not receive any proceeds from a deal. Axalta is owned by private equity firm The Carlyle Group (Washington), which has a 99.5% stake in the company. Carlyle purchased Axalta, the former automotive coatings...

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