EQT completes Azelis exit

Private equity firm EQT has completed its exit from Azelis after seven years. It has sold about 24 million shares, 10% of the share capital, for aggregate proceeds of about €190 million. EQT originally acquired Azelis in November 2018 and launched an IPO in September 2021, since when it has grown by acquisition and expanding its technical lab footprint.