Thermocoax
FranceWho owns Thermocoax?
Thermocoax is a French Industrials company, now owned by Spirax-Sarco, which acquired it in 2019 from Chequers Capital.
Indigo Capital is still listed as an investor in Thermocoax, status not confirmed after the 2019 sale.
Hand-verified · updated 2026-09-30
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Key facts
Ownership history
2 ownership periods · co-invest detected
Chequers Capital sold Thermocoax to Spirax-Sarco in 2019 after 9 years.
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USQuestions
Who owns Thermocoax?
Thermocoax is now owned by Spirax-Sarco, which acquired it in 2019 from Chequers Capital. Indigo Capital is still listed as an investor in Thermocoax, status not confirmed after the 2019 sale.
When did Spirax-Sarco acquire Thermocoax?
Spirax-Sarco acquired Thermocoax in 2019, buying from Chequers Capital.
Who did Thermocoax sell to?
Chequers Capital sold Thermocoax to Spirax-Sarco in 2019 (Trade Sale).
Who has owned Thermocoax over time?
Thermocoax has been through 2 private-equity ownership periods: Chequers Capital · via Chequers Capital XVI · 2010–2019 · sold to Spirax-Sarco · (Trade Sale); Indigo Capital · via Indigo Capital I · since 2015.