Lone Star Funds Completes Sale of AOC to Nippon Paint Holdings
Lone Star Funds (“Lone Star”) today announced that an affiliate of Lone Star Fund XI, L.P. has successfully completed the sale of AOC, a leading global specialty chemicals company, to Nippon Paint Holdings Co., Ltd.
AOC is a premier manufacturer of specialty chemical formulations in the unsaturated polyester and vinyl ester sectors, serving a diverse global customer base in the infrastructure, construction (residential and commercial), transportation and recreation sectors. AOC has operations in North America, Europe and Asia.
Since acquiring AOC, Lone Star has supported the company’s growth through strategic investments in innovation, operational efficiencies and the expansion of its leadership team. These efforts have strengthened AOC’s market leadership and positioned it for long-term success.
“We are pleased to have worked alongside AOC and its dedicated management team, whose leadership and expertise have been instrumental in driving the company’s growth and innovation,” said Donald Quintin, Chief Executive Officer of Lone Star. “We are confident that AOC will continue to thrive under Nippon Paint’s ownership, leveraging its strong foundation and expertise to drive long-term shareholder value.”
The initial definitive agreement of the sale was announced on October 28, 2024, and the final close took place on March 3, 2025.
Morgan Stanley & Co. LLC and Citi served as sell-side financial advisors, and Gibson, Dunn & Crutcher LLP provided legal advice to the seller. AOC Management was advised by Jamieson Corporate Finance, Katzke & Morgenbesser LLP.
About Lone Star
Lone Star is a leading private equity firm advising funds that invest globally in corporate equity, credit, real estate and other financial assets. Since the establishment of its first fund in 1995, Lone Star has organized 25 private equity funds with aggregate capital commitments totaling approximately $95 billion. The firm organizes its funds in three series: the Opportunity Fund series; the Commercial Real Estate Fund series; and the U.S. Residential Mortgage Fund series. Lone Star invests on behalf of its limited partners, which include institutional investors such as pension funds and sovereign wealth funds, as well as foundations and endowments that support medical research, higher education, and other philanthropic causes. For more information regarding Lone Star Funds, go to www.lonestarfunds.com.
About AOC
AOC is a leading global supplier of specialty formulations and solutions which enable customers to create robust, durable, and versatile products and components for applications in Coatings and Protective Barriers, Colorants and Visual Effects, Adhesives and Specialties, and Conventional Composites.
With strong capabilities worldwide in manufacturing and science, the company works closely with customers to deliver unrivaled quality, service, and reliability for today and create innovative solutions for tomorrow.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250303263183/en/
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
SES publishes 2024 Annual Report4.3.2025 17:36:00 CET | Press release
SES S.A. has today published its 2024 Annual Report, following the announcement of the company’s full year financial results for the 12 months ended 31 December 2024. Follow us on: LinkedIn| YouTube | X | Facebook | Instagram Read our Blogs > Visit the Media Gallery > About SES SES has a bold vision to deliver amazing experiences everywhere on Earth by distributing the highest quality video content and providing seamless data connectivity services around the world. As a provider of global content and connectivity solutions, SES owns and operates a geosynchronous earth orbit (GEO) fleet and medium earth orbit (MEO) constellation of satellites, offering a combination of global coverage and high-performance services. By using its intelligent, cloud-enabled network, SES delivers high-quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner to telecommunications companies, mobile network operators, governments, connectivity and cloud service providers,
New TXOne Networks OT/ICS Cybersecurity Report Details Growing Range of Risks Facing Companies as Digital Transformation Unfolds Globally4.3.2025 17:00:00 CET | Press release
Supply-chain vulnerabilities, aging infrastructure, patching difficulties and gaps in incident response demand urgent action to safeguard industrial operations, TXOne Networks report shows TXOne Networks, a leader in Cyber-Physical Systems (CPS) security, published its new annual report on operational technology (OT) cybersecurity, detailing risks such as supply-chain vulnerabilities, aging infrastructure, patching difficulties and gaps in incident response. The new report, which is publicly available for free download, reveals heightened concerns over digital vulnerabilities potentially introduced in deployment of industrial control systems (ICS) such as smart sensors, edge-computing devices, asset-tracking solutions and remote-monitoring tools. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250225074698/en/ (Graphic: Business Wire) “How can organizations effectively secure these interconnected systems against cyber threats
Interactive Brokers Launches Nifty 50 Index Futures4.3.2025 16:00:00 CET | Press release
The Nifty 50 Index Tracks the 50 Largest Companies on India’s National Stock Exchange Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, announced today the launch of NSE IFSC Nifty 50 Index Futures on the Singapore Exchange (SGX). This new addition strengthens Interactive Brokers' commitment to providing traders with cost-effective, direct access to key global markets. Clients can now trade Nifty 50 Index Futures alongside products from over 160 global exchanges, including stocks, options, futures, currencies, bonds, and funds, all from Interactive Brokers' powerful trading platforms, on mobile, web, and desktop. The Nifty 50 Index tracks the 50 largest and most liquid companies listed on India's National Stock Exchange (NSE), including sectors such as financial services, technology, oil & gas, and consumer goods. With Nifty 50 Index Futures, individual investors and institutions can efficiently manage portfolio risk and diversify into India’s dynamic economy u
Airship Appoints Maria Robinson as Chief Marketing Officer4.3.2025 15:31:00 CET | Press release
Veteran SaaS marketing executive brings high-growth expertise to accelerate value for the world’s leading brands through AI-powered customer experiences Cross-channel customer experience company Airship today announced Maria Robinson has joined its executive leadership team as Chief Marketing Officer. Robinson will oversee the strategy and execution of Airship’s global marketing and partnership organization, reporting directly to CEO Brett Caine. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250304735390/en/ Maria Robinson joins Airship's executive leadership team as Chief Marketing Officer. (Photo: Business Wire) Robinson brings over two decades of experience leading marketing and growth strategies across B2C and B2B industries with deep insights into the rapidly changing needs of marketers. Previously she served as CMO at Reltio, where she led initiatives that doubled the company’s annual recurring revenue (ARR). Prior to
Xsolla Offerwall Boosts Game Monetization and Enhances Non-Paying Gamers’ Engagement4.3.2025 15:00:00 CET | Press release
Delivering Revenue Sharing Opportunities and Player Experiences for Monetization and Advertising Xsolla, a leading global video game commerce company, announces the launch of Xsolla Offerwall, a dynamic solution designed to enhance game monetization and player engagement. One of the most significant challenges for developers is monetizing players who do not make in-app purchases. Xsolla Offerwall empowers developers to create a balanced monetization strategy by allowing players to earn virtual rewards by completing quests or actions from advertisers—driving engagement and revenue growth. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250304356626/en/ Graphic: Xsolla Xsolla Offerwall stands out in the industry by offering developers and publishers up to 90% revenue share, far exceeding the typical industry average of 30–60%. This generous model ensures that developers maximize their revenue while maintaining flexibility in th
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom