Carlyle buying Akzo Nobel's chemical biz for $12.5 billion

Carlyle Group co-founder David Rubeinstein
Carlyle Group co-founder David Rubeinstein. Photo by Bryan Bedder/Getty Images.

The Carlyle Group and Singapore sovereign wealth fund GIC have agreed to acquire the specialty chemicals unit of Akzo Nobel for approximately $12.5 billion (including debt).

Why it's a big deal: Mega-buyouts are back, regardless of sector, geography or record-high public equity prices.