The Carlyle Group (Nasdaq: CG) will purchase DuPont Performance Coatings for $4.9 billion in cash.

Wilmington, Del.-based DuPont Performance supplies vehicle and industrial costing systems and expects more than $4 billion in 2012 sales.

The target is part of DuPont (NYSE: DD), which provides a range of manufacturing products, materials and services.

Washington, D.C.-based private equity firm Carlyle has more than $156 billion in assets under management. The group announced it will buy the controlling stake in Getty Images Inc. for $3.3 billion on Aug. 15. It also announced on July 26 that it plans to team with private equity firm BC Partners to buy Hamilton Sundstrand Industrial for $3.46 billion.

Skadden Arps Slate Meagher & Flom LLP represented DuPont on the deal while Credit Suisse and Greenhill & Co. were the seller’s financial advisers. Latham & Watkins LLP represented Carlyle. 

Skadden partners included Brandon Van Dyke, Thomas Greenberg and Lou Kling.