BASF and Carlyle have finalized the transaction for BASF’s coatings business. The deal includes automotive OEM coatings, refinish coatings, and surface treatments.
The transaction is based on an enterprise value of €7.7 billion. BASF received approximately €5.8 billion in pre-tax cash proceeds on June 30, 2026.
BASF retains a 40% non-controlling equity stake in the newly formed company, Surventis. This arrangement values the entire former coatings division at an enterprise value of €8.7 billion.
Chairman Dr. Markus Kamieth described the closing as a key milestone in BASF’s strategy to unlock value. The 40% stake allows BASF to participate in future growth while sharpening its strategic focus.