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Audax Private Equity Sells KODA Distribution Group

Practices: Private Equity, Finance, Executive Compensation & Employee Benefits, Tax, Real Estate Investments & Transactions, Labor & Employment, Intellectual Property Transactions

Ropes & Gray represented Audax Private Equity and portfolio company KODA Distribution Group (KDG) in the sale of KDG to Azelis Group, a portfolio company of funds advised by Apax Partners. The transaction was announced Dec. 21.

KDG is a leading specialty chemical distributor in North America. Since Audax’s initial investment in 2010, KDG has completed seven acquisitions, transforming from a regional distributor focused on coatings, adhesives, sealants and elastomers (CASE), to a multi-vertical distributor for the CASE, specialty agriculture, personal care, industrial, and pharma/nutrition end markets across North America.

Azelis, headquartered in Antwerp, Belgium, is a leading global specialty chemicals distributor with revenues over €1 billion.

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