All rights reserved, www.linkedin.com/company/advent-international. Thyssenkrupp vende interamente la divisione Elevator Technology a un consorzio guidato dalle società di private equity Advent, Cinven e da RAG Foundation.La decisione del Consiglio di amministrazione è stata approvata giovedì 27 febbraio 2020 dal Consiglio di sorveglianza di Thyssenkrupp AG. News Linklaters, Kirkland and Freshfields Advise on $19B Thyssenkrupp Sale to Advent, Cinven Consortium Sale of the elevator unit, expected to be one of ⦠Thyssenkrupp Elevator è un fornitore leader a livello mondiale di tecnologie per il settore ascensoristico, con attività in oltre 1.000 sedi nel mondo. FRANKFURT/DUESSELDORF (Reuters) - Thyssenkrupp AG said on Thursday it agreed to sell its elevators division to a consortium of Advent, Cinven ⦠Banks sitting on the â¬8bn of bridge loans to finance Advent and Cinvenâs takeover of ThyssenKrupp Elevator (TKE) have finally launched the first ⦠Privacy policy Staff Site The companies in which Cinven is currently invested, headquartered in Germany, currently employ almost 31,000 people. Cinven Capital Management (V) General Partner Limited, Cinven Capital Management (VI) General Partner Limited and Cinven Capital Management (VII) General Partner Limited are each authorised and regulated by the Guernsey Financial Services Commission and Cinven Partners LLP, the advisor to the Cinven Funds, is authorised and regulated by the Financial Conduct Authority. In this press release ‘Cinven’ means, depending on the context, any of or collectively, Cinven Group Limited, Cinven Partners LLP, Cinven (LuxCo1) S.A., and their respective Associates (as defined in the Companies Act 2006) and/or funds managed or advised by any of the foregoing. Hering Schuppener Consulting REGULATION (EC) No 139/2004 MERGER PROCEDURE Article 6(1)(b) NON-OPPOSITION Date: 18/06/2020 In electronic form on the EUR-Lex website under document number 32020M9815 Advent, Cinven and RAG to acquire Thyssenkrupp elevator technology business for $18.7bn. Here is the latest thyssenkrupp Elevator news: 7.31.2020 thyssenkrupp Elevator to enter a new era as an independent company Acquisition by leading private equity firms Advent International and Cinven successfully completed. With a track record spanning more than 30 years, Cinven’s focus is on delivering attractive returns to its funds’ investors. Other Modern Slavery Act Statements The respective Executive Board decision was approved on Thursday evening by the Supervisory Board of thyssenkrupp AG. T: +49 69 921 874-71 The Frankfurt team advises on buy-outs and growth equity investments in five core sectors, including business and financial services; healthcare; industrial and chemicals; retail, consumer and leisure; and technology. Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. Email: Advent@tulchangroup.com, Germany Executive Board decision to this effect was approved on Thursday evening by the Supervisory Board of thyssenkrupp AG. Site map The purchase agreement has been signed. Current investments in the region include: STADA, the European manufacturer of prescription generics and over-the-counter (‘OTC’) products; Synlab, a leading European provider of medical diagnostic services and Viridium, a leading specialist in the management of life insurance portfolios in Germany. 2019 Modern Slavery Act Statement Thyssenkrupp has agreed to sell its elevators division to a consortium of Advent, Cinven [CINV.UL] and Germany's RAG foundation, three sources close to the matter told Reuters. Bruno Schick, Partner and Head of DACH and Emerging Europe at Cinven commented: “thyssenkrupp Elevator is a compelling investment opportunity with strong, long term growth drivers supported by predictable profit streams and cash flows from multi-year service contracts. thyssenkrupp Elevator is an appealing investment for the consortium of Advent, Cinven and the RAG-Stiftung: The company has a very strong position on the US, European and Asian markets. Headquartered in Germany, the Group has operations in more than 1,000 locations. There is much for all stakeholders of thyssenkrupp Elevator to be excited about, including the opportunity for growth through geographic expansion and strategic acquisitions. ABOUT THYSSENKRUPP ELEVATOR thyssenkrupp Elevator is a leading international provider of elevator technology with operations in more than 1,000 locations worldwide. The Consortium has a shared investment philosophy of responsibly growing leading businesses and is committed to a long-term value creation plan for thyssenkrupp Elevator. Advent International, Cinven and RAG-Stiftung agreed to acquire thyssenkruppâs elevator technology business. Founded in 1977, Cinven is a leading international private equity firm focused on building world-class European and global companies. Advent International GmbH was established in Germany in 1991 and provides investment advice to Advent International Corporation through its Frankfurt-based advisory team. TK Elevator (formerly thyssenkrupp Elevator) is a leading international provider of elevator technology with operations in more than 1,000 locations worldwide. Thyssenkrupp AG has agreed to sell its elevator business to a consortium of Advent, Cinven and Germanyâs RAG foundation for $18.7bn. The team has advised on investments of about €5.2 billion in more than 30 companies across a variety of sectors and markets including Germany, Austria, Switzerland as well as Central and Eastern Europe. Headquartered in Germany, the Group generated revenues of â¬8.0bn in the financial year 2018/2019. The Group generated revenues of c. €8.0bn in the financial year 2018/19. Email: CinvenUK@fticonsulting.com, Germany Cinven funds have invested in over 130 companies, and the firm currently has â¬23bn in assets under management. M: +44 7768 216607 Together with the new owners as strategic and financial partners, thyssenkrupp ⦠thyssenkrupp Elevator provides innovative solutions to customers in more than 100 countries. M: +49 175 967 00 73 "Thyssenkrupp Elevator has established itself as a leading international group with a strong and cutting-edge product portfolio," said Ranjan Sen, managing partner and head of Germany at Advent. Feb 27, 2020 20:02. thyssenkrupp sells Elevator Technology business for â¬17.2 billion to consortium of bidders led by Advent, Cinven and RAG foundation Con sede principale in Germania, il gruppo nell'esercizio 2018/2019 ha registrato ricavi pari a 8 miliardi di euro. The company services more than 1.4 million elevators worldwide through its global service network. Over the last three years, our German speaking investments include Innio, a leading global producer of reciprocating gas engines for power generation and mechanical drive/gas compression; Röhm, one of the global market leaders in methacrylate chemicals; Deutsche Fachpflege Gruppe, Germany’s largest outpatient intensive care producer and Concardis Payment Group, now part of Nets, a leading provider of digital payment solutions. T: +44 207 727 1067 Cinven has a strong track record in Germany and its funds and portfolio companies have acquired more than 50 companies in the DACH region to date. Bruno Schick, partner and head of Germany, Austria, Switzerland and emerging Europe at Cinven, said the private equity owners intended to invest in the business to drive growth "both ⦠TK Elevator (formerly thyssenkrupp Elevator) is a leading international provider of elevator technology with operations in more than 1,000 locations worldwide. M: +44 7799 152148 thyssenkrupp Elevator, a leading global player in the elevators and escalators (EE) market, announced today that it is a stand-alone company now that the change of ownership has completed. Headquartered in Germany, TK Elevator provides innovative solutions to customers in more than 100 countries. Partnering with management and employees, we are committed to adding significant value to this truly outstanding business – including through investing in organic growth and acquisitions.”. Cookie policy thyssenkrupp entirely sells its Elevator Technology business to a consortium led by Advent, Cinven and RAG foundation. Following strong performance in recent years and reflecting the global nature of the business, the Group has continued to trade well despite the COVID-19 period, showing significant resilience in the face of uncertain economic conditions based on its high levels of long-term contracted service revenues and the strong cash flow generation of the business. "thyssenkrupp Elevator si è affermata come leader di mercato internazionale, con un portafoglio prodotti solido e innovativo. It’s a business that has already demonstrated its ability to weather even the most difficult market conditions. Once completed, the deal will be the biggest private equity acquisition in Europe since 2007, when KKR took Alliance Boots Plc private in a deal valued at more than $23bn including debt. Frankfurt/Essen, February 27, 2020 â International private equity firms Advent International (âAdventâ) and Cinven together with the RAG-Stiftung (âthe foundationâ) (âthe consortiumâ), today announced that they have signed definitive agreements with thyssenkrupp AG to acquire thyssenkruppâs Elevator Technology business (âthyssenkrupp Elevatorâ or âthe Groupâ). Thyssenkrupp vende Elevator, ma non ai cinesi. Structural trends like urbanisation and continually increasing mobility in cities are driving demand, resulting in significant prospects for growth. Terms & conditions On February 27th the supervisory board of Thyssenkrupp announced that a consortium led by two Anglo-Saxon private-equity firms, Advent International ⦠T: +44 207 353 4200 The purchase agreement has been signed. Lutz Golsch As part of the Transaction, thyssenkrupp AG has reinvested in thyssenkrupp Elevator, acquiring a substantial minority stake, underlining the attractive value creation potential of the business as well as a commitment to Germany and the Group’s employees. FTI Consulting (Frankfurt) We’ll also have access to focused and substantial financial resources of our owners to achieve this as well as the funding of innovation and R&D. Email: lutz.golsch@fticonsulting.com, © 2002-2021 Advent International Corporation. Cinven Chairman and CEO Network, Leading OEM and service provider for elevators and escalators, Advent International and Cinven complete acquisition of thyssenkruppâs Elevator Technology business, Advent International, Cinven and RAG-Stiftung to acquire thyssenkruppâs Elevator Technology business. Cinven Limited, Registered in England No. Bruno Schick, partner and head of Germany, Austria, Switzerland and emerging Europe at Cinven, said the private equity owners intended to invest in the business to drive growth "both ⦠All relevant regulatory authorities have given their unconditional approval of the acquisition by Advent and Cinven. T: +49 69 920 37 110 Bruno Schick, partner and head of Germany, Austria, Switzerland and emerging Europe at Cinven, said the private equity owners intended to invest in the business to drive growth "both ⦠"Thyssenkrupp Elevator has established itself as a leading international group with a strong and cutting-edge product portfolio," said Ranjan Sen, managing partner and head of Germany at Advent. Frankfurt/Essen, February 27, 2020 â International private equity firms Advent International (âAdventâ) and Cinven together with the RAG-Stiftung (âthe foundationâ) (âthe consortiumâ), today announced that they have signed definitive agreements with thyssenkrupp AG to acquire thyssenkruppâs Elevator Technology business (âthyssenkrupp Elevatorâ or âthe Groupâ). Tutti i dettagli. Frankfurt/Essen, July 31, 2020 â International private equity firms Advent International (âAdventâ) and Cinven (together the âConsortiumâ) have completed the acquisition of thyssenkruppâs Elevator Technology business (âthyssenkrupp Elevatorâ ⦠Cinven takes a responsible approach towards its portfolio companies, their employees, suppliers, local communities, the environment and society.
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