Transaction

Clearwater advises 3i Deutschland on acquisition of Azelis from Cognetas

Transaction

3i Deutschland acquired Azelis S.A. from Cognetas GmbH & Co. KG

Buy-side

€315m

Role

Adviser to 3i Deutschland on its acquisition of Azelis S.A. from Cognetas GmbH & Co. KG

Sector

Industrial & Chemicals

Region

Germany

Clearwater acted as sole financial adviser to 3i Deutschland on its acquisition, together with the management team, of Azelis S.A., Luxembourg, from Cognetas GmbH & Co. KG. The transaction is valued at €315m.

With approximately 900 employees, Azelis generated consolidated sales in excess of €700m in 2005. Azelis is the largest European specialty chemicals distributor with a full pan-European presence.

image 77

Advisers

Transactions