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EQT Partners, PSP Investments To Acquire Azelis

The EQT VIII fund, in partnership with the Public Sector Pension Investment Board as co-investor, has been granted exclusivity to finalize the discussions to acquire Azelis from funds advised by Apax Partners. Azelis was established in 2001 through the merger of Novorchem (Italy) and Arnaud (France). It has since followed an active acquisition strategy to create a leading speciality chemical distribution network in Europe. Today, Azelis supports more than 43,000 customers who benefit from its application know-how and technical support and have access to a wide product portfolio from more than 2,000 speciality raw materials producers. The company has 1,800 employees and sales of around EUR...