About the deal

Capitalmind Investec has advised the shareholder of Sirius International on the sale of 100% of its shares to Belgium listed Azelis (EQT Portfolio Company). Azelis is a innovative service provider in the specialty chemicals and food ingredients industry. 

This acquisition complements Azelis’ lateral value chain in home care and industrial cleaning with an attractive portfolio and aligns perfectly with Azelis’ ambition to become a world-leading innovation service provider. Pioneering in the formulation of sustainable cleaning products from biodegradable and/or recyclable chemical raw materials and with expertise in green chemicals, Sirius will enable Azelis to offer innovative environmental solutions to its customers in the EMEA region and beyond.

Founded in 2004, Sirius is a distributor of environmentally friendly chemicals for the detergent, personal care and water treatment markets in Europe. Based in Baarn, the Netherlands, this team of experienced professionals has an established market position and longstanding relationships with its principals, providing innovative products to European customers.

Leo Verboeket, CEO Sirius: “We are excited to join Azelis’ family, a company that shares our values and commitment to sustainability. We look forward to developing more innovative solutions for our customers and expanding the reach of our current offerings to customers worldwide. This partnership will allow us to leverage Azelis’ global network and expertise in sustainable chemistry, as we work together towards our shared goal of making a positive impact on the environment and society.”

Evy Hellinckx, Managing Director Azelis Benelux: “By joining forces with Sirius, we are delighted to strengthen our presence in, among others, the home care and industrial cleaning markets in the Benelux and EMEA region. We are committed to promoting sustainable solutions across all sectors of the chemical industry, and we believe that this partnership will help us achieve our goals. We look forward to working with the talented team at Sirius to drive innovation and deliver value to our customers, while staying true to our shared values of sustainability and responsible business practices.”

What we did

Capitalmind Investec advised the shareholders of Sirius throughout the sell-side process, with:

– Drafting info & marketing materials;
– Screening and selection of strategic and financial buyers through a competitive process;
– Managing price negotiations;
– Handling due diligence;
– Coordinating legal documentation phase.

My experience with Capitalmind Investec has been very satisfactory. I learnt a lot from the process that I went through with Capitalmind Investec that has allowed me to advise as well as recommend Capitalmind Investec’s services to others.

LEO VERBOEKET, Owner & CEO, Sirius International B.V.

Deal Type
Target Headquarter
May 2023