BASF Coatings Becomes Surventis After Carlyle Deal Closes

8.8 Billion Dollar Deal Coatings Business: BASF and Carlyle Complete Transaction

2026-07-03 Source: BASF 1 min Reading Time

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BASF Coatings becomes Surventis: BASF and Carlyle have completed the announced coatings transaction. The enterprise value is 7.7 billion dollars; BASF receives around 6.6 billion dollars and retains a 40 % stake.

BASF has completed the coatings transaction with Carlyle. The former BASF Coatings business will operate as Surventis going forward.(Source: BASF) — BASF has completed the coatings transaction with Carlyle. The former BASF Coatings business will operate as Surventis going forward.
(Source: BASF)

The coatings transaction between Carlyle and BASF announced on October 10, 2025, was completed on June 30, 2026, following receipt of all required regulatory approvals. The enterprise value of the transaction amounted to 7.7 billion euro (approx. 8.8 billion dollars). On June 30, 2026, BASF received pre-tax cash proceeds of around 6.6 billion dollars. Following completion of the transaction, BASF now holds a 40 % equity stake in Surventis, formerly BASF Coatings, comprising the automotive OEM coatings, automotive refinish coatings, and surface treatment businesses. This transaction, together with the divestiture of the decorative paints business closed in October 2025, values BASF’s entire former Coatings division at an enterprise value of 9.96 billion dollars.

“This successful closing marks a key milestone in the execution of our Winning Ways strategy aimed at unlocking the value of our standalone businesses,” said Dr. Markus Kamieth, Chairman of the Board of Executive Directors of BASF SE. “By holding a 40 % equity stake, we will continue to participate in the future value creation of the coatings business while sharpening BASF’s strategic focus.”

“We are convinced that the new ownership structure provides an excellent foundation for future profitable growth of Surventis,” said Anup Kothari, member of the Board of Executive Directors of BASF. “We wish the former BASF Coatings employees every success as they move forward into their future as an independent company.”

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