February 25 2015

Apax will buy Azelis

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

«
More ...

Mastering the art
of distribution

publications_sidebar

Further publications

Receive latest publications & update

    By subscribing you agree to receive our promotional marketing materials and agree with our Privacy Policy. You may unsubscribe at any time.

    Please let us contact you:

    I consent to having DistriConsult store my submitted information so they can respond to my inquiry.