About This Deal

Axalta Coating Systems Ltd. acquired U-POL Holdings Limited for £428 million (approximately $590 million), a transaction announced in September 2021.

Acquired the U.K.-based manufacturer of automotive aftermarket paint, protective coatings and accessories (Raptor, Dolphin brands) to strengthen Axalta's global Refinish leadership and expand into mainstream/economy and DIY segments; funded from cash on hand.

Acquired the U.K.-based manufacturer of automotive aftermarket paint, protective coatings and accessories (Raptor, Dolphin brands) to strengthen Axalta's global Refinish leadership and expand into mainstream/economy and DIY segments; funded from cash on hand.

Deal Terms

Acquirer
Axalta Coating Systems Ltd.
Target
U-POL Holdings Limited
Value
£428 million (approximately $590 million)
Date
September 2021
Type
Full acquisition
Status
Completed

Transaction Details

Announced
September 15, 2021

In Their Words

Axalta Coating Systems (NYSE: AXTA) ... today announced that it has entered into definitive agreements to acquire U-POL Holdings Limited (“U-POL”) from Graphite Capital Management LLP and other holders for £428 million (approximately $590 million).

Advisors

Advisory firms were not disclosed for this transaction.

Sources: Press release ↗

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