trending Market Intelligence /marketintelligence/en/news-insights/trending/mfqpczp2qnkk3yylljnw6a2 content esgSubNav
In This List

Report: Apax Partners looks to sell specialty chemicals distributor Azelis

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Report: Apax Partners looks to sell specialty chemicals distributor Azelis

London-based private equity firm Apax Partners is considering selling Belgium-based Azelis SA, as it seeks to leverage the rich valuations of some of the specialty chemicals distributor's publicly traded peers, The Wall Street Journal reported, citing unnamed sources.

A deal reportedly could value Belgium-based Azelis at up to €2 billion. Azelis operates a chemicals distribution network across Europe and supplies products to more than 40,000 global customers in the personal care, pharmaceutical, rubber and plastics sectors. It expanded into the western U.S. by acquiring cosmetic distribution company Ross Organic in 2017 and also has operations in the Middle East, Africa and the Asia-Pacific region.

The planned divestment comes as the private equity sector is pressed to deploy its more than $1 trillion of cash worldwide, according to the publication.