Elvinger Hoss Prussen with partner Toinon Hoss advises the consortium led by Advent, Cinven and the RAG-Stiftung (RAG foundation) on the acquisition of the elevator division of thyssenkrupp AG. This is expected to be the largest-ever European buyout transaction to date. thyssenkrupp will reinvest part of the purchase price in a reverse stake in the elevator technology business.
thyssenkrupp Elevator is a leading international provider of elevator technology with operations in more than 1,000 locations worldwide. The transaction is expected to close by the end of the third quarter of 2020, subject to customary closing conditions and regulatory approvals.
