Carlyle to buy Atotech from Total for $3.2bn

According to a statement, Carlyle will acquire the business for a sum representing 11.9x Atotech's 2015 EBITDA. The GP will draw down capital via two of its vehicles, 2013-vintage buyout fund Carlyle Europe Partners IV and US-based vehicle Carlyle Partners VI.

Carlyle reportedly came in with the winning bid in an auction process that also included CVC Capital Partners, BC Partners and Cinven.

Company
Founded in 1993 and headquartered in Berlin, Atotech produces metal and surface finishing technologies for the automotive, construction and electronics sectors.

The business has 18 production sites across Europe, Asia and America and employs a staff of 4,000. In 2015, the company posted a turnover of €1bn.

People
Carlyle Europe Partners – Gregor Boehm (managing director).
Total – Patrick Pouyanné (chair, CEO).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Industrials
• DACH
• Germany
• Carlyle Group