BASF and Carlyle complete EUR 7.7 billion coatings transaction

BASF and Carlyle completed their coatings transaction on 30 June 2026 at EUR 7.7 billion enterprise value. BASF retains 40% of the business, now named Surventis, comprising automotive OEM and refinish coatings and surface treatment. BASF received approximately EUR 5.8 billion of pre-tax cash proceeds. Those seller proceeds differ from enterprise value and from any Carlyle investment amount. The separately sold decorative paints business is excluded from this transaction.