Micronics Engineered Filtration Group acquired National Filter Media, expanding its portfolio of engineered filtration solutions and serving customers better with a combined footprint. The deal closed on March 15, 2022.
| Acquirer | Target | Deal Value | Type | Close Date | Advisors |
|---|---|---|---|---|---|
| Micronics Engineered Filtration Group (US) | National Filter Media (US) | Undisclosed | Acquisition | March 15, 2022 | Buy-side: M2O Private Fund Advisors LLC Sell-side: Not disclosed Legal buy-side: Paul Hastings LLP, Kirkland & Ellis LLP Legal sell-side: Regions Securities, Fabian VanCott |
Deal Mechanics
Micronics Engineered Filtration Group completed the acquisition of National Filter Media on March 15, 2022. Financial terms were not disclosed; however, debt financing was provided by Fidus Capital.
Strategic Rationale
The acquisition is aimed at expanding Micronics' portfolio of engineered filtration solutions. By integrating National Filter Media's capabilities, the combined entity will serve customers better with a broader footprint and enhanced service offerings in the industrial goods sector.
Financial Context
Micronics Engineered Filtration Group is backed by Vance Street Capital, which recently closed a continuation fund to support this merger. The involvement of Fidus Capital as the debt financier suggests that the company has secured financing for further growth and expansion.
Advisors
Micronics Engineered Filtration Group was advised by M2O Private Fund Advisors LLC on the buy-side, while legal counsel included Paul Hastings LLP and Kirkland & Ellis LLP. The sell-side advisors were not disclosed along with their respective legal representatives Regions Securities and Fabian VanCott.
Outlook
Micronics Engineered Filtration Group expects to leverage National Filter Media’s customer base and operational capabilities to drive growth in the filtration solutions market. With a solid financial backing from Vance Street Capital and strategic debt financing, the combined entity is well-positioned for future expansion.