Cofimco Expands with Acquisition of Ilmed Ventilazione Industriale
Deal News | Jul 01, 2025 | Finance Community IT - 3 Private Equity
Cofimco, a company controlled by the private equity firm PX3 Partners, has acquired Ilmed Ventilazione Industriale (IVI), a renowned Italian producer of axial ventilation systems. This transaction is seen as a key strategic move to enhance Cofimco's global footprint, particularly in regions such as the Asia-Pacific and North America. Advisors for the deal included several prestigious firms: Aon for benefits, insurance, and pensions guidance; Chiomenti as legal advisor; Debevoise & Plimpton for tax advice; EY for financial, accounting, and tax consultancy; ERM for ESG consultation; and Kearney for IT and synergy advice. IVI, previously part of Gruppo Ilmed, is noted for its technical excellence and reliability, with manufacturing plants in Italy and China. Its acquisition supports Cofimco's goal to provide high-performance cooling solutions and opens up new growth opportunities in complementary industrial markets such as data center cooling, naval industries, and energy production. The acquisition is immediately effective, and Cofimco CEO Andreas Coumnas highlighted plans for client and employee engagement to maximize the benefits of the expanded group.
Sectors
- Industrial Manufacturing
- Private Equity
- Environmental Consulting
Geography
- Italy – Both Cofimco and Ilmed Ventilazione Industriale are Italian companies with operations in Italy.
- China – Ilmed Ventilazione Industriale has a manufacturing plant in Ningbo, China.
- North America – Cofimco is expanding its manufacturing presence in Houston, Texas, USA.
Industry
- Industrial Manufacturing – Relevant because the companies involved produce industrial cooling and ventilation systems.
- Private Equity – PX3 Partners, a private equity firm, controls Cofimco, indicating involvement in private capital investments.
- Environmental Consulting – ERM provided ESG consultancy for the deal, indicating environmental considerations.
Financials
- Not disclosed – The specific financial details of Cofimco's acquisition of IVI were not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cofimco | Bidding Company | Company | A company controlled by PX3 Partners, focusing on advanced axial fan systems. |
| Ilmed Ventilazione Industriale (IVI) | Target Company | Company | An Italian producer of axial ventilation systems, with operations in Italy and China. |
| PX3 Partners | Private Equity Firm | Company | The private equity firm controlling Cofimco. |
| Aon | Benefits, Insurance and Pensions Advisor | Company | Advised Cofimco on benefits, insurance, and pension matters. |
| Chiomenti | Legal Advisor | Company | Provided legal advisory to Cofimco during the acquisition. |
| Debevoise & Plimpton | Tax Advisor | Company | Provided tax consultancy for the acquisition. |
| EY | Financial Advisor | Company | Advised on financial, accounting, and tax aspects of the acquisition. |
| ERM | ESG Advisor | Company | Provided environmental, social, and governance consultancy for the acquisition. |
| Kearney | IT and Synergy Advisor | Company | Provided IT and synergy consultancy to Cofimco. |
| BF & Company | Financial Advisor | Company | Supported Ilmed Holding with financial advice for the transaction. |
| Bird & Bird | Legal Advisor | Company | Acted as a legal consultant for Ilmed Holding on contractual issues. |
| Andreas Coumnas | CEO of Cofimco | Person | Chief Executive Officer of Cofimco and commented on the strategic importance of the acquisition. |