Deals
EQT Considers Azelis Options Amid Suitor Interest
- Firm draws interest from potential financial, strategic buyers
- Chemical distributor Azelis is trading below its IPO price
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Private equity firm EQT AB is considering options for Belgian chemical distribution company Azelis Group NV after receiving interest from potential buyers, according to people familiar with the matter.
Possible alternatives include EQT teaming up with another firm to take Azelis private again, or selling its stake to a buyer, the people said, declining to be identified because the information is confidential. Buyout firms have expressed early-stage interest in a deal, along with interest from the chemical distribution industry, they said.