Founded in 1948, Cotherm was controlled by the founding family and private equity sponsors (Siparex, Somfy…). It is a recognized French and European global leader in the development, manufacturing and distribution of solutions which manage energy, regulate temperature and guarantee safety (electrical and electronic thermostat). Cotherm supplies manufacturers of water heaters, energy savings applications, heaters and industrial solutions. It has sales of circa €35M with manufacturing plants in France and Tunisia.
Midcap Alliance French partner Wagram Corporate Finance advised Thermofin SAS in the acquisition of Cotherm. Thermofin SAS is an ad hoc industrial holding company related to a leader in thermal comfort solutions that, together with partners, will accelerate the development of Cotherm.