Aqseptence Group partners with Oaktree
Aqseptence Group, a global leader in water treatment and liquid/solid separation technologies, partners with Oaktree
Aarbergen/Frankfurt – 04.09.2023. Aqseptence Group GmbH (“Aqseptence Group”), an international equipment and solutions provider focused on water treatment and liquid/solid separation, today announced that funds managed by Oaktree Capital Management, L.P. („Oaktree") have agreed to acquire a controlling stake in Aqseptence Group.
Aqseptence Group offers specialized equipment and solutions to blue chip customers across a variety of sectors, including water treatment, power, energy, mining and general industries. The Group’s portfolio of products and services support customers’ mission critical operations and help advance their ESG goals.
Following the closing of the transaction, Aqseptence Group’s existing management team will continue to lead the business and work alongside Oaktree to further expand the Group organically as well as through strategic M&A opportunities. Oaktree’s investment and proven expertise will provide Aqseptence Group with the resources needed to continue growing and innovating to best serve existing and new markets.
Baldassare La Gaetana, CEO of Aqseptence Group, says: "We are very pleased to welcome Oaktree as the new majority shareholder in the Aqseptence Group. This is an exciting moment for Aqseptence Group and our employees.” He added: “The Oaktree team, with its industry expertise and track record in investing and growing businesses in our sector, will enable us to further develop a variety of new markets and new customer relationships as well as explore strategic acquisitions, putting Aqseptence on a strong path to accelerate our strategy and drive continuous, sustainable growth and long-term success.
Francesco Giuliani, Managing Director at Oaktree, says: “We see water treatment and tackling water scarcity as key drivers of global sustainability, and we are excited to partner with Aqseptence Group management to provide best-in-class solutions to customers globally. With a long heritage of equipment and innovation excellence, Aqseptence Group is a global leader in water technology, filtration and separation, driven by a solution-focused mindset that we consider essential for success. We are keen to build on this history, helping the Group strengthen and expand its customer relationships, and investing in its future growth both organically and through M&A.”
Aqseptence Group is the result of an industry consolidation over the years that has integrated top leading brands in water treatment, filtration and separation, including Johnson Screens (USA), Diemme Filtration (Italy), Passavant (Germany) and other important key brands.
The transaction, which is subject to customary closing conditions, is expected to be completed in Q4 2023. Aqseptence Group management will partner with Oaktree by continuing to be invested in Aqseptence Group.
About Aqseptence Group
The company is headquartered in Aarbergen near Frankfurt am Main and employs around 1,500 people worldwide. The Aqseptence Group is a global supplier of specialized products, equipment and system solutions for water treatment and liquid/solid separation. We are proud to unite some of the most renowned brands in the industry, some of which have been serving customers in industry as well as municipalities for more than 180 years. The roots and foundation of the company are the traditional product brands such as Passavant, Geiger, Noggerath, Johnsons Screens, Diemme Filtration, Airvac and Roediger. For additional information, please visit Aqseptence Group’s website at www.aqseptence.com
Oaktree is a leader among global investment managers specializing in alternative investments, with $179 billion in assets under management as of June 30, 2023. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities. The firm has over 1,100 employees and offices in 20 cities worldwide. For additional information, please visit Oaktree’s website at http://www.oaktreecapital.com/