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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