Second Equity Firm Invests in AZ

Vestar Capital Partners (Paris), a private equity firm, says it plans to become a joint owner with The Carlyle Group (London) in AZ Electronic Materials (Luxembourg). Carlyle, also a private equity firm, purchased AZ from Clariant in 2004. AZ “will be jointly owned by Vestar and Carlyle as equal partners, alongside AZ’s management team,” the companies say. The deal is expected to close by the end of March. AZ says it is the leading supplier of electronic materials to the flat panel display and integrated circuit industries, and has sales of...

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