Private equity firm EQT acquiring Azelis

Stockholm – Swedish private equity group EQT is in exclusive discussions to acquire speciality chemicals distributor Azelis, the company has announced.

The EQT VIII fund, in partnership with the Public Sector Pension Investment Board (PSP Investments) as co-investor, has been granted exclusivity to finalise the discussions to acquire Azelis from funds advised by Apax Partners, a 19 June company statement said.

While the company did not provide further financial details of the deal, a news report by financial news website Unquote suggested that the transaction could exceed…

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