Vestar Buys into AZ Electronic

Vestar Capital Partners has agreed to acquire an equity position in AZ Electronic Materials, a Luxembourg-based supplier of electronic materials to the flat panel display and integrated circuit markets. The company was acquired by The Carlyle Group in 2004, and now will be jointly owned by Vestar and Carlyle as equal partners. AZ management also holds an equity position. No financial terms were disclosed for the deal, which is expected to close by the end of March.