02.27.15
3i, Azelis and Apax Partners announce that Atlas Holding S.A., the holding company of the Azelis Group has signed a binding agreement to sell the company, a pan-European specialty chemical distributor to funds advised by Apax Partners, a global private equity firm.
The relevant workers’ councils of the Company have issued a favorable opinion on the transaction, which remains 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 the Company 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.
The relevant workers’ councils of the Company have issued a favorable opinion on the transaction, which remains 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 the Company 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.