UK-based private equity firm 3i is reportedly in the process of exiting its investment in Azelis. According to various unofficial sources, 3i has signed up Bank of America Merrill Lynch to sell the company, which it bought for €315m four years ago. "Since then," 3i says, "we have worked closely with the management team to drive operational improvements across the business and support the acquisition and integration of individual subsidiaries". Azelis now maintains operations across 26 countries and commands annual sales of around € lbn.
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