Deal Details
Pacific Avenue Acquires Purflux
Summary
Pacific Avenue Capital Partners (“Pacific Avenue”) has acquired Sogefi Filtration S.A. and Sogefi USA Inc., now operating as Purflux Group ("Purflux" or the "Company"), from Sogefi S.p.A. (“Sogefi”).
Baird served as financial advisor to Pacific Avenue on this transaction.
About
Pacific Avenue is a Los Angeles-based private equity firm focused on corporate divestitures and other complex situations in the middle market. Pacific Avenue has extensive M&A and operations experience, allowing the firm to navigate complex transactions and unlock value through operational improvement, capital investment and accelerated growth. The members of the Pacific Avenue team have closed over 105 transactions, including over 40 corporate divestitures, across a multitude of industries throughout their combined careers. Pacific Avenue takes a collaborative approach in partnering with strong management teams to drive lasting and strategic change while assisting businesses in reaching their full potential. Pacific Avenue is headquartered in Hermosa Beach, California.Purflux is a leading manufacturer of vehicle filtration components and systems serving both the automotive aftermarket and Original Equipment (“OE”) customers globally. Purflux operates 10 manufacturing facilities across 7 countries (France, United States, India, Slovenia, Italy, Morocco and the United Kingdom), 2 main distribution hubs in France and Poland and 2 regional distribution hubs in the United Kingdom and Spain. The Company has extensive relationships with leading aftermarket distributors and blue-chip OEMs. In 2023, the Company generated over $600 million of revenue. Purflux is headquartered in Guyancourt, France.
Sogefi is a Milan-based supplier of original parts for the automotive industry globally. Sogefi designs, develops and produces filtration systems, flexible suspension components and air management and cooling systems. Through its strong commitment to research, Sogefi continuously improves its components with technological developments across all product sectors, optimizing performance in terms of life cycle, effectiveness, size, weight and environmental compatibility. Sogefi is headquartered in Milan, Italy.
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- Date
- June 2024
- Company
- Pacific Avenue Capital Partners
- Transaction
- M&A - Buyside
- Sectors
- Industrial
- Verticals
-
Vehicle Technology & Mobility
- Target Geography
-
Europe
North America - Acquiror Geography
- North America
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