QIA has joined forces with global investment firm Carlyle to acquire BASF’s Coatings business in a €7.7 billion deal. This major step aims to enhance innovation, expand market reach, and create new growth opportunities. Moreover, the partnership reflects QIA’s increasing influence as a key global investor focused on sustainable industrial growth.
The agreement includes BASF’s automotive OEM coatings, refinish coatings, and surface treatment businesses. Together, these operations form a critical part of BASF’s worldwide portfolio. Furthermore, QIA and Carlyle intend to strengthen these divisions by investing in technology, improving customer engagement, and upgrading operations. Consequently, the collaboration is expected to deliver stronger performance and long-term profitability.
BASF will retain a 40% equity stake in the Coatings division, showing firm confidence in its value. Additionally, the deal provides BASF with around €5.8 billion in cash proceeds, which will support its broader growth strategy. In return, QIA’s participation underscores its belief in the Coatings business as a reliable and expanding enterprise. Therefore, both sides view this transaction as a win for innovation and partnership.
The Coatings business continues to play a vital role in developing advanced and eco-friendly products for global markets. It operates across Europe, North America, South America, and the Asia-Pacific. As a result, QIA and Carlyle will focus on boosting research and development, improving innovation pipelines, and modernizing facilities to meet growing global demand. In addition, they plan to expand their customer network through new partnerships and industry collaborations.
Carlyle’s deep experience in managing complex industrial transitions strengthens the success of this deal. Previously, it achieved strong results with investments in Axalta, Atotech, and Nouryon. Hence, its proven track record makes Carlyle a trusted partner for QIA in this venture. Together, they will work to transform BASF Coatings into a more competitive, independent, and innovation-driven company.
Meanwhile, QIA remains committed to investing in stable, high-potential industries worldwide. Its collaboration with Carlyle aligns with its goal of supporting companies that drive sustainability and economic growth. Moreover, the deal allows QIA to diversify its portfolio while reinforcing Qatar’s global investment presence.
BASF executives expressed strong optimism about this transaction. They emphasized that the creativity, expertise, and customer focus of the Coatings team will drive future achievements. Consequently, this partnership with QIA and Carlyle will unlock fresh opportunities for expansion and technological leadership.
In summary, the QIA partnership with Carlyle marks a turning point for BASF Coatings. It unites financial strength, industry expertise, and innovation to shape a new era of growth and sustainability in the coatings industry.
