Pestalozzi advised NIBE Group on the deal.
NIBE Group is divesting 26% of Schulthess Maschinen AG by selling the corresponding share of the owner company HC Holding Eta AG. Through this transaction NIBE will become a minority shareholder in the company with its remaining 25% shareholding.
The divestment of this 26% of Schulthess will generate an estimated capital gain in the magnitude of SEK 170 million in the second quarter for the NIBE Group.
Schulthess has been a subsidiary of the NIBE Group since the acquisition of the listed Swiss Schulthess Group AG in April 2011, within which Alpha Innotec GmbH, the leading heat pump company in the German market, constituted the largest part and thus the reason for the acquisition.
The Pestalozzi team included Franz J. Kessler (Picture – Partner – Corporate / M&A), Fabian Martens (Partner – Competition & Trade), Jonas Sigrist (Partner – Tax), Raphael Widmer (Associate – Corporate / M&A).
Law Firms: Pestalozzi;
Clients: NIBE Industrier AB;