Unipex buyer KDG acquired by Apax Partners' Azelis Group
KODA Distribution Group (KDG), which bought Unipex Solutions Canada Inc earlier this year, has been sold to Azelis Group, a Belgian specialty chemicals distributor. No financial terms were disclosed. U.S.-based KDG was sold to Azelis, a portfolio company of British private equity firm Apax Partners, by Audax Group, a U.S. private equity firm that has backed KDG since 2010. Unipex Solutions, previously a portfolio company of IK Investment Partners, was among KDG's seven add-on acquisitions.






