Houlihan Lokey Advises EQT Partners

Houlihan Lokey is pleased to announce that EQT Partners, in partnership with PSP Investments, has acquired Azelis, a global distributor of specialty chemicals and food ingredients. Financial terms of the transaction are not disclosed. The transaction closed on November 8, 2018.

Azelis was established in 2001 through the merger of Novorchem, Italy, and Arnaud, France. It has since followed an active acquisition strategy to create a leading specialty chemical distribution network in Europe. Today, Azelis supports more than 43,000 customers who benefit from its application expertise and technical support, and have access to a wide product portfolio from more than 2,000 specialty raw materials producers. The company has 1,800 employees and sales of around €1.8 billion.

EQT Partners is a leading investment firm with approximately €50 billion in raised capital across 27 funds. EQT funds have portfolio companies in Europe, Asia, and the United States with total sales of more than €19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence, and market leadership.

The Public Sector Pension Investment Board (PSP Investments) is one of Canada's largest pension investment managers with $153 billion of net assets as of March 31, 2018. It manages a diversified global portfolio composed of investments in public financial markets, private equity, real estate, infrastructure, natural resources, and private debt. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York and London.

Houlihan Lokey served as financial advisor in cooperation with J.P. Morgan.