Announced
Completed
Synopsis
Liberta Partners, a private equity firm, completed the acquisition of a majority stake in Phönix Group, a firm manufacturing bellows sealed globe valves for a safe handling of dangerous, highly toxic, flammable, and expensive media, from Curtiss-Wright, a provider of edge sensors, controls, sub-systems and mission critical components. Financial terms were not disclosed. “We look forward to working with the management team to further develop highest quality valves, which is the key goal of Phönix. We see further promising end-industries within renewable energy and hydrogen. Phönix has significant potential to grow, and we will provide the operational and financial resources to help the company excel its targets,"Florian Korp and Christian Szczesny, Liberta Partners.
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