Daily News: October 3, 2012

Bayside Capital Completes Sale of Portfolio Company


Bayside Capital announced that it has completed the sale of portfolio company Environmental Filtration Technologies (EFT) to Nederman Holding.

Based in Charlotte, NC, and with locations across North America, Germany, France and Australia, EFT is an industrial air filtration company. EFT offers air pollution control and air filtration equipment, including industrial dust collectors, baghouses, air and liquid filtration systems, filter bags and cartridges, as well as equipment and engineered systems for evaporation and distillation. EFT markets its products under the globally-recognized MikroPul, Menardi, Filtex and Filter-Media, LCI and Pneumafil brands.

After investing in EFT, Bayside restructured the company’s balance sheet, narrowed its breadth of operations through business unit divestitures and provided the capital and resources to grow its core filtration platform. Doug Albert, EFT’s president and CEO commented “Bayside has been a tremendous partner to EFT and has been instrumental in helping us establish and execute our strategy to become a leader in the filtration market.”

“Our partnership with EFT and its management team has been a tremendous success. They executed a detailed strategic plan by investing in their global sourcing capabilities, developing efficient project management processes and leveraging their underutilized installed base of large systems to sell aftermarket products and services. EFT is very well positioned and we look forward to watching them continue to grow as part of Nederman,” said John Bolduc, executive managing director of Bayside Capital.

Bayside Capital is an affiliate of H.I.G. Capital, a global private investment firm with more than $10 billion of equity capital under management. With over $4.5 billion of committed capital, Bayside is focused on providing capital solutions to address complex situations within short timeframes.