The Carlyle Group aquires DuPont Performance Coatings for US$4.9 billion

On February 1, 2013, The Carlyle Group (“Carlyle”) completed the acquisition of DuPont Performance Coatings (“DPC”), a business unit of E. I. du Pont de Nemours and Company (“DuPont”). The purchase price for DPC was $4.9 billion in cash (the “transaction”). Carlyle also assumed $250 million of DPC’s unfunded pension liabilities as part of the transaction. DuPont and DPC were advised with respect to the Canadian aspects of the transaction by a team of Fasken Martineau lawyers including Sean Stevens, Bill Bies, Karen Sargeant, Peggy McCallum and Dan Law.