Ambienta SGR invests €16m in Amplio Filtration

The investment was made through the Ambienta I fund. Ambienta SGC has now become a minority shareholder in Amplio Filtration Group.

Ambienta's investment will help Amplio Filtration to continue to expand the business internationally and to grow into a €100m revenue water management company by 2014.

The company's strategy is to cross-sell technology and expertise across geographies. The $600bn global water market is thought to be growing at 6-7% per year, in part due to the stricter implementation of existing environmental legislation.

Company
Amplio Filtration was founded by holding company Amplio Group in 2009 with the aim of consolidating the fragmented water treatment and filtration process sector. The company is currently delivering double digit growth and revenues of €35m are expected for fiscal year 2011.

To date, Amplio has acquired four companies. US-based Envirogen Technology Inc was the first company to be incorporated, followed by UK-based Puresep Filtration Technologies Ltd and Environmental Water Systemsand most recently Italy-based Fluxa Filtri SpA.

People
Andrea Davi is head of Amplio Filtration.

Advisers
Equity - Latham & Watkins (Legal); CBA Studio Legale e Tributorio (Tax and structuring); PwC (Financial due diligence).
Company - Macchi di Cellere Gangemi (Legal).

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