- Filtration is based in Ireland
- Filtration is the first investment from Px3’s inaugural fund
- Px3 is a pan-European, private equity firm headquartered in London
Px3 Partners has agreed to acquire Filtration, a global manufacturer of industrial filtration systems.
No financial details of the transaction were disclosed.
Filtration is based in Ireland. The company is the filtration division of North Carolina, US-based Celeros Flow Technology.
Filtration is the first investment from Px3’s inaugural fund.
This transaction leverages Px3’s transatlantic reach and global DNA, its corporate carve-out, and buy-and-build capabilities, according to a release.
“The acquisition perfectly aligns with our investment strategy, our situational differentiation, and our commitment to invest in high-quality businesses, with passionate teams and significant transformational growth potential,” said managing partners at Px3.
Px3 is a pan-European, private equity firm headquartered in London.
Nomura Securities International served as financial advisor, and Weil, Gotshal & Manges as legal advisor to Px3 on this transaction. Px3 is also advised by Aviditi Advisors as placement agent.