Apax Partners to Buy Specialty Chemical Distributor
LONDON - 3i, Azelis and Apax Partners announced that Atlas Holding S.A., the holding company of the Azelis Group, has signed a binding agreement to sell the Azelis Group, a pan-European specialty chemical distributor, to funds advised by Apax Partners, a global private equity firm. The deal is subject to regulatory clearances and is expected to close in the second quarter of 2015.
3i and funds managed by 3i acquired a majority stake in Azelis in 2007. Since then, Azelis has transformed from a decentralized European business into an integrated group, operating under the Azelis brand, serving customers and principals in the coatings, chemicals, rubber and plastic additives, food and health, animal nutrition, pharma, and personal care industries.