Clifford Chance and Weil lead as Apax nears $2bn sale of chemicals distributor

Swedish private equity firm EQT and Canadian pensions fund close in on Azelis deal

Clifford Chance (CC) and Weil Gotshal & Manges are advising on Apax Partners’ sale of chemicals distribution company Azelis, a deal that reportedly values the company at about $2bn (£1.5m).

Swedish private equity firm EQT and Canadian pensions fund Public Sector Pension Investment Fund (PSP) announced their intention to buy Azelis – which Apax has owned since 2015 – on Tuesday (19 June), and the deal is expected to close at the end of 2018.

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