Clearwater International 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.
Clearwater International, led by partners Ralph Schmücking and Axel Oltmann, advised 3i Deutschland