PE firms vie for Thyssenkrupp’s elevator unit: Reuters

Two private equity consortia have submitted bids for Thyssenkrupp's elevator division, which could snag around $17.4 billion, reported Reuters.

Two private equity consortia have submitted bids for Thyssenkrupp’s elevator division, which could snag around $17.4 billion, reported Reuters. Blackstone, Carlyle and Canada Pension Plan Investment Board have teamed up to compete against Advent and Cinven, who are supported by the Abu Dhabi Investment Authority and Germany’s RAG Stiftung.

Source: Reuters