Azelis Group is a Belgium-based distributor specializing in food ingredients and specialty chemicals, headquartered in Antwerp. It is listed on
Euronext
Euronext N.V. (short for European New Exchange Technology) is a European bourse that provides trading and post-trade services for a range of financial instruments.
Traded assets include regulated equities, exchange-traded funds (ETF), warrant ...
since 2021 and has presence in Europe, the Middle East and Africa, Asia-Pacific, and the Americas.
History
Azelis Group was established by the merger of Novorchem (Italy), and Arnaud (France) in 2001. In 2004, Azelis acquired Benelux companies: Sibeco Group and Sepulchre. In 2005, Azelis acquired a chemical distributor Brøste from Denmark. In December 2006,
3i global finance house bought the Azelis Group from
Cognetas
Motion Equity Partners is a private equity firm focused on leveraged buyout and growth capital investments in European middle-market companies across a range of industries.
The firm, has office in Paris. It was founded in 1989 as Electra Partner ...
(now Motion Equity Partners) for over €300 million.
As of 2011, the company had 36 companies under its brand name. In 2021, Azelis Group was listed on Euronext Brussels through IPO, having raised €1.77 billion with a market capitalization of €6.08 billion.
Bloomberg
Bloomberg may refer to:
People
* Daniel J. Bloomberg (1905–1984), audio engineer
* Georgina Bloomberg (born 1983), professional equestrian
* Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician a ...
noted that it was the biggest Belgian IPO since 2007.
In 2022, Azelis Group made 12 acquisitions and exceeded $4 billion turnover.
References
{{BEL20 companies
Companies listed on Euronext Paris
Belgian companies established in 2001