International law firm Clifford Chance advised Azelis, a leading global innovation service provider in the specialty chemicals and food ingredients industry, on its offering of €400 million 5.75 percent senior unsecured notes due 2028.

Clifford Chance has previously advised Azelis on multiple financing transactions, including in relation to the company’s IPO on Euronext Brussels in September 2021. This transaction represents Azelis’s debut capital markets offering following its IPO and strengthens the company’s ability to continue executing on its disciplined strategy for bolt-on acquisitions.

Clifford Chance’s multi-office, international team advising Azelis on the offer was led by the firm’s U.S. securities team in EMEA, including partner Alex Bafi, senior associate Drew Rundus and associates Jake DuCharme and Garo Yaghsezian. Belgian law advice was provided by partner Niek De Pauw, counsel Wim Aerts and associates Gillis Waelkens and Sonia Belhassen. Further advice was provided by additional Clifford Chance team members in Brussels, London, Madrid, Milan, New York and Paris.

Alex Bafi commented: “We were delighted to act for Azelis and EQT on this landmark bond offering. This transaction builds on our leading EMEA capital markets experience and showcases our unique cross-border capabilities across a range of financing products, from initial public offerings to high yield debt.“