Blätt­chen & Part­ner advi­ses Wit­tur’s manage­ment on the ent­ry of a new inves­tor from Cana­da

Munich, Janu­ary 8, 2019 — Blätt­chen & Part­ner advi­sed the Wit­tur manage­ment on the suc­cessful ent­ry of the Cana­di­an inves­tor The Public Pen­si­on Invest­ment Board. The Cana­di­an pen­si­on fund The Public Sec­tor Pen­si­on Invest­ment Board (“PSP Invest­ments”) has acqui­red a 32% sta­ke in the ele­va­tor parts manu­fac­tu­rer Wit­tur. Blätt­chen & Part­ner advi­sed the Wit­tur manage­ment in the tran­sac­tion. Wit­tur is an inde­pen­dent ele­va­tor com­po­nent manu­fac­tu­rer. Its pro­duct ran­ge includes a wide ran­ge of com­pon­ents for the manu­fac­tu­re and pro­cu­re­ment of new ele­va­tors and for the moder­niza­ti­on of exis­ting ele­va­tors. The Group curr­ent­ly employs around 4,600 peo­p­le and ope­ra­tes in more than 50 count­ries. Wit­tur is majo­ri­ty-owned by various funds mana­ged by Bain Capi­tal Pri­va­te Equi­ty. PSP Invest­ments is one of Cana­da’s lar­gest pen­si­on funds with net assets of appro­xi­m­ate­ly EUR 103 bil­li­on (as at 30 Sep­tem­ber 2018). It mana­ges a diver­si­fied glo­bal port­fo­lio across 75 indus­tries and more than 100 count­ries. PSP Invest­ments intends to con­sis­t­ent­ly pur­sue its inter­na­tio­nal expan­si­on stra­tegy with the pro­ven Wit­tur manage­ment. Blätt­chen & Part­ner advi­sed the Wit­tur manage­ment on the tran­sac­tion with Prof. Alex­an­der Götz.

Press release as pdf