EQT Said to Consider IPO of Chemical Firm Azelis at $6 Billion Value
- Private equity firm working with adviser on listing plans
- Belgium-based Azelis could go public after the summer
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EQT AB is weighing an initial public offering of Azelis, a distributor of specialty chemicals and food ingredients, according to people familiar with the matter.
The private equity firm is being advised by Lazard Ltd. on the listing plans, the people said, asking not to be identified discussing confidential information. Azelis could be valued at about 5 billion euros ($6 billion) in any IPO, the people said. Goldman Sachs Group Inc. and JPMorgan Chase & Co. are also working on the listing, the people said.