Pacific Avenue Capital Partners, a Los Angeles-based private equity firm focused on corporate carve-outs and other middle-market transactions, will acquire Sogefi Filtration and Sogefi USA, the filtration business of Milan-based Sogefi.
The business manufactures vehicle filtration components and systems serving the automotive aftermarket and original equipment (OE) customers globally, and operates 11 manufacturing facilities across France, the US, India, Slovenia, Italy, Morocco, and the UK. The business also operates two main distribution hubs in France and Poland as well as two regional distribution hubs in the UK and Spain.
In 2023, the business generated over $600m of revenue and more than $100m of adjusted EBITDA.
Pacific Avenue will support the business in several growth initiatives tied to its aftermarket business and the long-term transition to electric vehicles.
Pacific Avenue was advised by Robert W Baird & Co, Weil, Gotshal & Manges and Legance – Avvocati Associati. JP Morgan Securities acted as the lead arranger for the financing.
Sogefi was advised by Houlihan Lokey. and Clifford Chance.
