Private equity firms jostle for Akzo Nobel: Financial Times

Some of the largest private equity funds are jockeying to buy a large chunk of Dutch paint maker Akzo Nobel for as much as €10 billion ($12.5 billion), the Financial Times reported. The bidders include Carlyle; a consortium of Advent and Bain; another group including Apollo and German specialty chemicals producer Lanxess; and Hal Investments of the Netherlands, the story said. Final bids are due mid-March, the FT said.