Market-leading Solasa Group operates laundry rooms and laundromats and sells and provides maintenance of washing machines in Switzerland. The company was owned by private equity firm Manixer. Solasa Group has 76.5 FTEs and is very profitable. With the acquisition of Solasa, Schulthess enlarges its washing product offering with a service offering that comprises rental solutions for landlords and property managers. Digital payment solutions allow for efficient handling of payments by tenants.
Raiffeisen served as exclusive financial advisor to Schulthess Maschinen AG, the Swiss producer of washing machines and dryers for homes, apartment building and commercial businesses, in the acquisition of Solasa. Raiffeisen also handled the acquisition financing and the W&I insurance for the deal.
Raiffeisen Switzerland
Advised in the sale of
Solasa Group
to