Px3 Partners Announces Second Deal
London-based private equity firm Px3 Partners has announced its second deal, a carve-out acquisition of the filtration division from US-based Celeros Flow Technology.
The deal is the first investment from Px3’s debut fund, which is targeting a size of EUR 750 million.
The filtration division is a leading provider of industrial filtration systems for a variety of applications, including water treatment, food and beverage processing, and the oil and gas industry. The business has annual revenues of approximately EUR 100 million and employs over 300 people.
Px3 Partners plans to invest in the business to accelerate growth and expand into new markets.
The firm is targeting acquisitions of complementary businesses and the development of new products and services.
The deal is Px3 Partners’ second investment in less than a year. In May 2023, the firm acquired the UK-based engineering services company, 3D Parametrics.
Px3 Partners is a new private equity firm founded by Gianpiero Lenza, Sébastien Mazella di Bosco, and Petter Johnsson. The firm has a team of experienced professionals with a track record of success in the private equity industry.
The announcement of Px3 Partners’ second deal is a sign of the firm’s strong momentum. The firm is well-positioned to continue to grow and make additional investments in the coming years.
Key Takeaways
- Px3 Partners has announced its second deal, a carve-out acquisition of the filtration division from US-based Celeros Flow Technology.
- The deal is the first investment from Px3’s debut fund, which is targeting a size of EUR 750 million.
- Px3 Partners plans to invest in the business to accelerate growth and expand into new markets.
- The deal is Px3 Partners’ second investment in less than a year.
- Px3 Partners is a new private equity firm founded by Gianpiero Lenza, Sébastien Mazella di Bosco, and Petter Johnsson.
About Px3 Partners
Px3 Partners is a private equity firm that invests in mid-market businesses in Europe. The firm was founded in 2021 by Gianpiero Lenza, Sébastien Mazella di Bosco, and Petter Johnsson. Px3 Partners has a team of experienced professionals with a track record of success in the private equity industry.
Px3 Partners’ investment strategy is to partner with management teams to build and grow businesses. The firm invests in a variety of industries, including industrials, healthcare, and technology. Px3 Partners’ target investments are businesses with annual revenues of EUR 50 million to EUR 500 million.
Px3 Partners’ debut fund, Px3 Partners Fund I, is targeting a size of EUR 750 million. The fund is currently in the fundraising process.
