Chequers buys Thermocoax back from TCR Capital
Chequers Capital has purchased a majority stake in heating technology specialist Thermocoax from TCR Capital.
TCR acquired 85% of Thermocoax in 2005 for €35m from Chequers. Following the buyout, Chequers now owns a 60% stake in the company, the remaining 40% being shared between management and TCR Capital.
Founded in 1957, Thermocoax is a spin-out of Phillips Electronics. It specialises in heating systems and temperature monitoring, targeting nuclear energy and aeronautical applications, as well as semi-conductor and medical equipment manufacturers.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com
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