Houlihan Lokey Advises Sogefi

Houlihan Lokey is pleased to announce that Sogefi has sold its filtration business unit to the U.S. private equity fund Pacific Avenue Capital Partners. The transaction closed on 31 May 2024.

Headquartered in Milan, Italy and listed at the Italian Stock Exchange with a market cap of approximately €400 million as of 31 May 2024, Sogefi is a leading global supplier of original parts for the automotive industry. Sogefi designs, develops, and produces filtration systems, flexible suspension components, and air management and cooling systems. It generated more than €1.6 billion and €220 million in revenues and EBITDA, respectively, in 2023.

Headquartered in Paris, France, Sogefi’s filtration business unit (the company) is a leading manufacturer of vehicle filtration components and systems serving both the automotive aftermarket and original equipment (OE) customers globally. The company operates through 11 manufacturing facilities across seven countries, generating approximately €575 million in revenue in 2023.

Pacific Avenue Capital Partners is a Los Angeles-based private equity firm focused on corporate divestitures and other complex situations in the middle market. 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.

Houlihan Lokey served as the exclusive financial advisor to Sogefi and assisted in initiating, marketing, structuring, and negotiating the transaction. This deal demonstrates Houlihan Lokey's deep sector expertise as well as its unique cross-border execution capabilities through global collaboration and local execution presence.

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