Aug 20 Buyout firm Carlyle Group LP backed performance coatings company Axalta Coating Systems Ltd filed with U.S. regulators on Wednesday to raise up to $100 million in an initial public offering of common stock.
The company listed Citigroup, Goldman Sachs, Deutsche Bank and JP Morgan among the underwriters for the IPO. (bit.ly/1wa9s6z)
Philadelphia-based Axalta makes liquid and powder coatings for the automotive and general transportation industries. (Reporting By Neha Dimri in Bangalore)