Apax Partners submit Offer for Azelis and enter exclusive Negotiations with 3i
Private equity investor 3i Group plc (London, UK) [“3i”] today announced that it has received an offer from funds advised by Apax Partners (London, UK) for its majority stake in specialty chemicals distributor Azelis Group, headquartered in Antwerp, Belgium.
3i further said that Atlas Holding S.A., the holding company of Azelis Group, has entered into exclusive negotiations with the funds advised by Apax Partners. Where required, the workers’ councils of Azelis Group companies will be consulted on the proposed transaction, which would also be subject to antitrust approval by the relevant authorities.
Source: 3i press release
HGE – DCG / 10.02.2015