BASF and funds managed by global investment firm Carlyle, in partnership with Qatar Investment Authority (QIA), have entered into a binding agreement relating to BASF’s automotive OEM coatings, automotive refinish coatings, and surface treatment businesses (BASF Coatings).

BASF Coatings businesses support sustainable automotive OEM and refinish coatings.

The enterprise value of the transaction amounts to 7.7 billion euros. Subject to customary regulatory approvals, the transaction is expected to close in Q2 2026.

Business continuity for customers will be ensured throughout the transaction process. In accordance with legal requirements and local practice, employee representatives will be involved.

More about BASF Coatings

BASF Coatings is a global player in the development, production and marketing of innovative and sustainable automotive OEM and refinish coatings as well as applied surface treatments for metal, plastic and glass substrates in a wide range of industries.

The business operates in Europe, North America, South America and Asia Pacific, and generated sales of about 3.8 billion euros in 2024.

“BASF Coatings is an exceptional platform with leading technologies, a world-class management team, strong customer partnerships, and a truly global footprint,” commented Martin Sumner, Global Head of Industrials, and Tanaka Maswoswe, Partner at Carlyle.

Role of Carlyle

Working closely alongside management, Carlyle will support the future growth of the business through investing in its commercial capabilities, innovation pipeline, and organizational structure to enhance customer focus.

Carlyle will leverage its strong track record and extensive experience in successful carve-outs of industrial and chemical assets, following previous investments in Axalta, Atotech, and Nouryon.