Alantra advises Procuritas and Swedish Electromagnet Invest (SEM) on its sale to PHINIA

Jun 2025

Sell-side advisory

Stockholm and New York – Alantra acted as financial adviser to Procuritas, a Swedish Private Equity fund, and its portfolio company, Swedish Electromagnet Invest AB (“SEM”), a global supplier of high-tech ignition systems and sensors, on its sale to PHINIA Inc. (NYSE: PHIN), a leading independent provider of premium components and solutions for commercial and industrial mobility.

Founded in Sweden in 1915, SEM applies more than 100 years of experience delivering ignition systems to spark ignited internal combustion engines for commercial vehicles, to small engines for handheld tools, and to large stationary engines.

Daniel Lilliehöök, Partner at Alantra, said: “We’re pleased to have helped deliver a successful outcome for Procuritas and SEM, which joins PHINIA as a company with a strong market position in its niche. This transaction reflects Alantra’s strong track record in cross-border strategic buyer deals and our ability to guide clients through complex processes.”

Wade Aust, Managing Partner at Alantra, added: “Our cross-border reach and understanding of strategic buyer priorities were instrumental in the success of this transaction. SEM has found a strong platform for the next phase of its growth.”

This transaction further underscores Alantra’s growing track record in the Industrial technology sector, building on recent advisory to Aspen Pumps on its sale into Europe’s largest multi-asset continuation vehicle, Rieter on its CHF850mn acquisition of Barmag from OC Oerlikon, and Navantia on the acquisition of Harland & Wolff’s shipbuilding assets.