Electra targets chemical groups with Azelis buy from Permira

Electra Partners Europe has bought Azelis, a specialty chemicals distribution group, from rival Permira in a secondary buy-out worth €135m ($157m).

Electra has paid €45m for a 57% stake in the company, in a debt-free deal through which the management, led by Hans-Udo Wenzel, retains 43% of the company.

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