Nippon Paint Holdings to acquire AOC from Lone Star Fund for $4.35bn.

Nippon Paint Holdings, a Japanese paint and paint products manufacturing company, agreed to acquire AOC, a multinational corporation and electronics company, from Lone Star Fund, a private equity firm that invests globally in real estate, equity, credit, and other financial assets, for $4.35bn. “Joining Nippon Paint will allow AOC, which has excelled in growth and margin expansion under private equity ownership, to pursue additional value creation from a longer-term perspective in both organic and inorganic initiatives," Nippon Paint Holdings.