- Cofimco is the second investment from PX3’s inaugural fund
- PX3 is a pan-European private equity firm with headquarters in London
- Cofimco is based in Pombia, Italy
PX3 Partners has agreed to acquire Cofimco, a global designer, manufacturer, and seller of axial cooling fans and related services, from Chart Industries.
No financial details of the transaction were disclosed.
Cofimco is based in Pombia, Italy.
Cofimco is the second investment from PX3’s inaugural fund.
“We look forward to working with the Cofimco management team to grow the Company’s presence internationally and to accelerate its exposure to clean tech growth areas, including carbon capture and renewables,” said the managing partners of PX3.
PX3 will employ its connected acceleration value creation model to separate Cofimco from its parent, establish it as an independent company, and pursue growth through expansion into a broader set of applications, and add-on acquisitions, according to a release.
PX3 is a pan-European private equity firm with headquarters in London. It invests within select segments of the business services, consumer and leisure, and industrials sectors.
Chart Industries is a global manufacturer of engineered equipment servicing multiple applications in the clean energy and industrial gas markets. The company is based in Ball Ground, Georgia.
Alvarez & Marsal served as accounting and tax advisor, Marlborough Partners as debt advisor, and Lazard as financial advisor to PX3.