Apax Partners and 3i reach Agreement on Sale of Azelis
Pan-European specialty chemical distributor Azelis Group (Antwerp, Belgium) will change hands again. Private equity investors 3i and Apax Partners (both London, United Kingdom) today announced that Atlas Holding S.A., the holding company of the Azelis Group has signed a binding agreement to sell the group to funds advised by Apax Partners.
The transaction follows favourable opinions by the relevant workers’ councils of Azelis Group, but is still subject to customary regulatory approvals. It is expected to close in Q2-2015.
No financial details were disclosed on the transaction. 3i and funds managed by 3i have been invested in Azelis since 2007.
Source: 3i and Apax Partners press release
HGE – DCG / 25.02.2015