Carlyle-backed Axalta Coating Systems files for IPO

Wed Aug 20, 2014 5:19pm EDT

Aug 20 (Reuters) - 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)

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