Surventis launches as independent automotive coatings leader after BASF carve-out

Corporate Action
โดย GlobeNewswire·Read original
Summary · why it matters

Surventis, formerly BASF Coatings, launched today as an independent company after completing its carve-out from BASF. The business is majority-owned by funds managed by global investment firm Carlyle in partnership with Qatar Investment Authority, while BASF retains a 40 percent stake. With around €3.9 billion in annual sales and approximately 10,700 employees, Surventis serves more than 42,000 customers across over 140 countries from a network of more than 30 production and development sites. The company will continue to develop, produce, and market coatings and surface treatment solutions under well-known brands such as Chemetall, Glasurit, and R-M, with a strategic focus on reliability, quality, service, and performance. Surventis is headquartered in Muenster, Germany, which hosts the world's largest integrated paint manufacturing site.

Impact on stocks 2

Financials · 1 stocks
Carlyle Group Inc
CG
▲ PositiveCapitalrelevance

Carlyle's funds are majority owners of the newly independent Surventis, representing a successful investment and exit from BASF.

Materials · 1 stocks
BASF SE
BAS
▲ PositiveCapitalrelevance

BASF retains a 40% stake in Surventis and has completed the carve-out, likely receiving proceeds and focusing on core operations.

Off-coverage companies 3

Qatar Investment AuthorityPrivate▲ Positive
Capitalrelevance

Qatar Investment Authority co-invests with Carlyle in Surventis, gaining ownership in a leading coatings business.

ChemetallPrivate± Mixed
relevance

SurventisPrivate± Mixed
relevance