Raiffeisen Switzerland advised NIBE Industrier AB, the Swedish listed group developing, manufacturing, and marketing energy solutions for cooling and heating systems for real estate, industry and infrastructure, in the sale of a 26% share in Schulthess Group, a premium washing machine producer with a focus on the consumer, semi-professional, and commercial market, to Helvetica Capital, a private equity investor with a focus on Swiss companies.
NIBE now holds a minority of 25% whereas Helvetica became majority shareholder.