Looser Holding sold Single Temperiertechnik
Looser Holding sold its subsidiary Single Temperiertechnik to SIHAG
Looser Holding AG, headquartered in Arbon (Switzerland), has sold 100% of Single Temperiertechnik GmbH to Single Holding GmbH, headquartered in Hochdorf (Germany). The majority owner of Single Holding GmbH is Swiss Industrial Holding AG („SIHAG"). SIHAG is mainly owned by Tim Talaat, the former CEO of Looser Holding. Included in the management buyout are Single Temperiertechnik's subsidiaries in Germany, China and the USA. Looser Holding has reacquired approximately 10% in Single Holding.
The Single Group develops, produces and distributes energy-efficient temperature control systems, heat transfer systems and cooling technology. With about 170 employees and representations in more than thirty countries, the Single Group is well established among the leading providers in the market.
Gut Corporate Finance acted as financial advisor to SIHAG in this transaction. The mandate included supporting the investors with the overall management of the transaction, the valuation of the business, as well as obtaining bank financing and conducting negotiations regarding the share purchase agreement.