EQT completed the acquisition of Azelis from Apax Partners.

EQT, with PSP Investments as co-investor, completed the acquisition of Azelis, a global distributor of specialty chemicals and food ingredients, from Apax Partners. Financial terms were not disclosed. EQT will support Azelis’ continued development by providing access to both operational and financial resources and by leveraging EQT’s expertise with buy-and-build strategies. In addition, EQT will provide digital capabilities and grant the company access to a global network of industrial advisors.