Px3 Partners Fund I LP, managed by Px3 Partners Limited completed the acquisition of Cofimco Srl from Chart Industries, Inc. for $79.2 million.
October 30, 2023
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Px3 Partners Fund I LP, managed by Px3 Partners Limited signed an agreement to acquire Cofimco Srl from Chart Industries, Inc. (NYSE:GTLS) for $80 million on July 26, 2023. Alvarez & Marsal Taxand UK LLP acted as accountant to Px3 Partners Limited. Chiomenti Studio Legale acted as legal advisor to Px3 Partners Limited. Debevoise & Plimpton, Accounting and Auditing arm acted as Accountant to Px3 Partners Limited. Lazard & Co., Limited acted as Financial advisor to Px3 Partners Limited. As of October 27, 2023, the transaction is expected to close on October 31, 2023.
Px3 Partners Fund I LP, managed by Px3 Partners Limited completed the acquisition of Cofimco Srl from Chart Industries, Inc. (NYSE:GTLS) for $79.2 million on October 31, 2023. Px3 acquired Cofimco for a base purchase price of $73.6 computed as the previously announced $80 purchase price less purchaser?s due diligence expenses and an amount equal to $5.6 which represents an estimate of net financial debt of Cofimco. The purchase price is subject to an additional net working capital adjustment.
Chart Industries, Inc. is engaged in designing, engineering, and manufacturing of process technologies and equipment for gas and liquid molecule handling for the Nexus of Clean-clean power, clean water, clean food, and clean industrials, regardless of molecule. Its segments include Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair Service & Leasing. Its Cryo Tank Solutions segment supplies bulk, microbulk and mobile equipment used in the storage, distribution, vaporization, and application of industrial gases and certain hydrocarbons. Its Heat Transfer Systems segment supplies engineered equipment and systems used in the separation, liquefaction, and purification of hydrocarbon and industrial gases. Its Specialty Products segment supplies products used in specialty end-market applications, including hydrogen, liquid natural gas, biofuels, carbon capture, food and beverage, aerospace, lasers, cannabis and water treatment, among others.
CHART INDUSTRIES, INC. 
