EQT, PSP Investments in exclusive talks to acquire Azelis

Swedish private equity firm EQT and Canadian pension fund manager PSP Investments have entered into exclusive discussions to acquire Azelis SA, a Belgian distributor of specialty chemicals and food ingredients. No financial terms were released for the deal, which is expected to close in Q4 2018. The seller is U.K. private equity firm Apax Partners, which acquired the business in 2015. Established in 2001 through a merger, Azelis serves more than 43,000 customers globally. PSP Managing Director and Head of Private Equity Simon Marc said the company is a leader in an "attractive market that has strong consolidation prospects."

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