PE majors Carlyle, Bain, Advent, Apollo go head-to-head for €10bn Akzo Nobel carve out

A group of private equity firm’s are reportedly preparing to battle it out for a deal to acquire Dutch paint maker Akzo Nobel for up to €10bn. Advent and Bain Capital have teamed up for a bid, as have Apollo and Lanxess, while Carlyle and Hal Investments are also said to hoping to lodge bids …