EQT Completes Final Selldown of Azelis, Signaling New Growth Phase for Company

EQT's Strategic Completion Marks a New Era for Azelis

EQT announces the successful conclusion of its final selldown of Azelis Group NV, a prominent player in the specialty chemicals and food ingredients sector. The transaction, completed on February 26, 2026, involves the sale of approximately 24 million shares, representing 10% of Azelis' share capital, and yields gross proceeds of about EUR 190 million. With EQT VIII receiving around EUR 173 million from this final divestment, the sale signifies the culmination of a fruitful seven-year investment in which Azelis has notably expanded its operations and enhanced its market position.

Under EQT's ownership since November 2018, Azelis has seen significant topline and EBITA growth, primarily due to strategic acquisitions and organic improvements in margins. Following its IPO in September 2021, the company strengthened its geographic presence and developed innovative digital solutions aimed at servicing over 65,000 customers worldwide. Azelis' strategic focus on operational efficiency and digital transformation has proven vital in navigating the challenges within the specialty chemicals landscape. Moreover, its success in achieving EcoVadis Gold status highlights the company's strong commitment to sustainability and responsible business practices, reinforcing its reputation in the industry.

The completion of this selldown not only stands as a significant milestone for EQT but also positions Azelis for future growth and innovation amid a competitive chemicals market. With advanced digital strategies and sustainability at the core of its business model, Azelis is well-equipped to adapt to evolving market demands. As it embarks on the next chapter post-EQT, the firm remains committed to leveraging its extensive network of over 2,800 specialty raw material producers and application laboratories to further drive innovation and operational excellence.

In addition to the successful transaction, Azelis’ sustained growth indicates a robust future trajectory in the specialty chemicals industry. As the market shifts towards digital solutions and sustainability, Azelis’ strategies highlight its adaptability and foresight, key attributes for companies aiming to succeed in this evolving landscape.

EQT's exit from its investment in Azelis not only confirms the value generated but also paves the way for the company’s continued expansion and innovation. As EQT focuses on new opportunities, the impact of its strategic stewardship over the last seven years will resonate through Azelis’ operations and market positioning for years to come.