Parties
Company
Xebec Adsorption Inc.
Company
FORUM Family Office
On Jan. 31, 2023, Xebec Adsorption Inc., a global sustainable gas solutions provider, announced the sale of its wholly-owned UK subsidiary, Tiger Filtration Limited. This move comes as part of Xebec's previously announced sale and investment solicitation process (SISP). The acquiring entity is a subsidiary of the FORUM Family Office based in Munich, which manages a portfolio of mid-sized companies specializing in industrial niche sectors. For this transaction, Xebec was legally advised by Osler, Hoskin & Harcourt LLP and Stevens & Bolton LLP, while its financial consultation was managed by National Bank Financial Inc. On the other side, The Endeavour Partnership LLP provided UK legal counsel to FORUM. The specific transaction value was not mentioned.
Deal Type
Merger & AcquisitionIndustry
EnergyTransaction
Undisclosed/ConfidentialDeal Status
ActiveClosing Date