Carlyle considering Axalta IPO

|About: The Carlyle Group (CG)|By:, SA News Editor

Carlyle Group (NASDAQ:CG) is considering an IPO for Axalta Coating Systems, only a year and a half after it purchased the company from Dupont for $4.9B.

The private-equity group has already given lead roles to Citigroup and Goldman Sachs for the potential IPO which could raise as much as $1B.

Axalta makes liquid and powder coatings for the automotive and transportation industries.