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New Deal


Announced

Wuthelam Group to acquire an additional 21% stake in Nippon Paint for $12bn.

Financials

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Transaction Value£9,123m
Consideration TypeAsset Swap, Cash
Capital Owned39%
Capital Bid For21%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Acquisition

Single Bidder

Building Materials: Other

Japan

Majority

paint

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Pending

Public

Synopsis

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Wuthelam Group, a paint manufacturer, agreed to acquire an additional 21% stake in Nippon Paint, a Japanese paint and paint products manufacturing company, for $12bn. Nippon Paint said it will use the funds raised as well as $945m in cash to buy out Wuthelam from their Asian joint ventures in countries including China, Malaysia and Thailand, as well as acquire Wuthelam’s wholly owned business in Indonesia.

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