EQT exits remaining stake in Azelis Group

EQT Sweden

EQT completes final selldown in Azelis Group NV, a leading global innovation service provider for the specialty chemicals and food ingredients industryUnder EQT's ownership, Azelis has delivered significant topline and EBITA expansion through organic growth, attractive bolt-on M&A, and margin expansion. Azelis has expanded geographically, delivered new digital solutions to customers and suppliers, and progressed its sustainability initiatives - positioning the business for continued long-term value creationThe sale resulted in aggregate gross proceeds of c. EUR 190 million, of which EQT VIII received c. EUR 173 million View original content:https://www.prnewswire.co.uk/news-releases/eqt-exits-remaining-stake-in-azelis-group-302699746.html