Azelis Sold: EQT Sells Stake for EUR 366 Million
Deal News | Feb 28, 2025 | EQT
EQT, through its entity Akita I S. r.L., has sold 20 million shares in Azelis Group NV, generating gross proceeds of approximately EUR 366 million, with EQT receiving around EUR 333 million. This transaction was concluded on February 28, 2025. Global financial institutions BNP Paribas, Goldman Sachs, and J.P. Morgan served as joint global coordinators for the sale. EQT manages EUR 269 billion in assets across Private Capital and Real Assets, supporting companies like Azelis in achieving industry growth. Azelis acts as a global innovation leader in the specialty chemicals and food ingredients industry, with operations in over 65 countries.
Sectors
- Investment Management
- Specialty Chemicals
Geography
- Europe – EQT operates primarily in Europe and Azelis serves multiple European clients as part of its global operations.
- Global – Azelis and EQT have a global presence, with Azelis active in over 65 countries and EQT managing investments worldwide.
Industry
- Investment Management – Azelis operates in the specialty chemicals and food ingredients sector, offering innovation services worldwide.
- Specialty Chemicals – Azelis is a key player in the specialty chemicals and food ingredients market, serving a vast clientele with innovative solutions.
Financials
- EUR 366 million – Aggregate gross proceeds from the sale of shares in Azelis Group NV.
- EUR 333 million – Gross proceeds received by EQT from the sale.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EQT | Private Equity Firm | Company | A global investment organization managing a vast portfolio within Private Capital and Real Assets. |
| Azelis Group NV | Target Company | Company | A leading innovation service provider in the specialty chemicals and food ingredients industry. |
| BNP Paribas | Joint Global Coordinator | Company | A leading global banking group providing financial services. |
| Goldman Sachs | Joint Global Coordinator | Company | A global investment banking, securities, and investment management firm. |
| J.P. Morgan | Joint Global Coordinator | Company | A leading global financial services firm and banking institution. |
| Akita I S. r.L. | Vendor | Company | An entity indirectly controlled by EQT VIII fund. |