Carlyle Planning IPO for Auto-Paint Firm Axalta -Bloomberg


Carlyle Group LP ( CG ) is planning an initial public offering for Axalta Coating Systems, the former auto-paint unit of DuPont Co., Bloomberg News reported Wednesday on its website, citing people familiar with the matter.

Axalta, acquired by Carlyle in February 2013, may raise about $1 billion in an offering, and is working with Citigroup Inc. ( C ) and Goldman Sachs Group Inc. ( GS ).

Full story at: www.bloomberg.com/news/2014-08-13/carlyle-s-axalta-is-said-to-tap-banks-for-1-billion-ipo.html

Write to nymonitoring@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


  (END) Dow Jones Newswires
  08-13-141844ET
  Copyright (c) 2014 Dow Jones & Company, Inc.