EQT Exits Remaining Stake in Azelis Group

In a move that signals the end of its ownership, private equity firm EQT has announced the completion of its exit from Azelis Group NV, a leading global innovation service provider for the specialty chemicals and food ingredients industry. According to the press release, EQT has sold its remaining stake in Azelis, which it had held since acquiring the company in 2018. Under EQT's ownership, Azelis experienced significant growth, expanding its top-line and EBITA through a combination of organic expansion, strategic acquisitions, and operational improvements. 'EQT's ownership has been transformative for Azelis,' said Dr. Hans Joachim Müller, Azelis' CEO. 'Together, we have significantly strengthened the company's market position, geographic reach, and innovation capabilities. We are grateful for EQT's support and guidance over the past years, and we look forward to continuing our growth journey.' The exit marks the conclusion of EQT's involvement with Azelis, which has grown to become a leading global player in the specialty chemicals and food ingredients distribution market. The transaction is subject to customary closing conditions and is expected to be completed in the coming weeks. 'We are proud of what we have achieved together with the Azelis team,' said Florian Seubert, Partner at EQT. 'Azelis has become a true global leader in its industry, and we are confident that the company is well-positioned for continued success in the future.' This news comes as the maritime industry continues to navigate supply chain challenges, rising costs, and evolving regulatory environments. The strength and resilience of specialty chemical and ingredients suppliers like Azelis will be crucial in supporting the diverse needs of the sector.