Simpson Thacher is representing funds advised by Apax Partners in connection with the sale of Azelis to the EQT VIII fund and the Public Sector Pension Investment Board. The transaction is subject to customary closing conditions, including receipt of regulatory approvals, and is expected to close in the fourth quarter of 2018. The financial terms of the transaction were not announced.~~The Firm previously represented Apax on the acquisition of Azelis, including related European debt financing, and Azelis in connection with the significant add-on acquisition of Koda, including a refinancing of its debt with U.S. debt financing. Both transactions occurred in 2015.~~Azelis is a global distributor of specialty chemicals and food ingredients with a global presence in more than 40 countries. Azelis provides a diverse range of products and innovative services to more than 43,000 customers and 2,000 principals.

The Simpson Thacher team includes Derek Baird, Ben Squires and Marie-Eve Nault-Cloutier (M&A); Lucy Jenkins (Banking and Credit); and William Kearney (Antitrust).