Funds advised by Apax Partners, to acquire Funds advised by Apax Partners, a global private equity firm, has agreed to acquire Azelis. a pan-European speciality chemical distributor. from 3i, an investment company. Financial terms were not disclosed. Apax Partners, together with the existing management team, intends to continue Azelis’ strategic focus on growing the business through ongoing development of its specialist product portfolio and continuing to extend its global reach, both organically and through acquisitions. "This new phase of our development will greatly improve our future business prospects, facilitate expansion plans and accelerate growth, which may include targeted acquisitions where needed.” Hans-Joachim Müller, Azelis CEO.