Total divests Atotech to Carlyle for $3.2 billion

摘要

Total has announced that, following a bidding process, it will sell specialty chemical affiliate Atotech (Berlin, Germany) to private equity firm The Carlyle Group. Atotech, a player in high-tech plating products and services, is being sold for $3.2 billion. The price represents 11.9 times Atotech's 2015 adjusted EBITDA. Atotech's 2015 sales were ?1 billion ($1 billion). The proposed transaction is subject to legally required consultation and notification processes for employee representatives and approval by the relevant antitrust authorities.