Private equity firm EQT to acquire distributor Azelis in secondary buyout

摘要

Private equity firm Apax Partners (London, United Kingdom) has received a binding offer from another private equity firm, EQT Partners (Stockholm, Sweden), to acquire leading chemicals distributor Azelis (Antwerp, Belgium). EQT and Azelis confirm that Apax has entered exclusive discussions to sell Azelis to the EQT VIII fund and the Public Sector Pension Investment Board (PSP Investments; Montreal, Quebec, Canada), which is acting as co-investor.