Adelis Equity completed the acquisition of Pixelz.

Adelis Equity, a private equity firm, completed the acquisition of Pixelz, a provider of an image editing and retouching software for the online fashion industry. Financial terms were not disclosed. "We are filled with pride and great expectations for the future with Adelis. We have regarded the Clearwater International team as sparring partners, and have been thoroughly looked after, while at the same time avoiding any futile discussions that someone could fear in a process like this. We are impressed by the team’s ability to understand our business – it is clear, that they have come across many businesses. And not least, it means a whole lot that we have had such a good vibe with both the team and Adelis, with whom we look forward to going further," Thomas Ladefoged, Pixelz CEO.