P+P advises the management of Wittur on a new investment from Canada

The Canadian pension fund The Public Sector Pension Investment Board ("PSP Investments") has acquired a share of 32% of Wittur, a manufacturer of elevator parts. P+P advised Wittur's management in the course of the transaction.

Wittur is an independent elevator component manufacturer. The range of products includes a variety of components for manufacturing and providing supplies for new elevators, as well as for modernizing existing elevators. The corporate group currently employs approximately 4,600 people and operates in more than 50 countries. The majority of Wittur is owned by various funds managed by Bain Capital Private Equity.

PSP Investments is one of the largest Canadian pension funds with net assets of approximately EUR 103 billion (status: September 30, 2018). It manages a diversified global portfolio in 75 industries in more than 100 countries. PSP Investments and Wittur's established management wish to continue implementing the international expansion strategy.

P+P Pöllath + Partners advised Wittur's management on legal matters with the following Munich-based team:

• Dr. Benedikt Hohaus (partner, M&A/private equity, management participations)
• Dr. Roman Stenzel (counsel, M&A/private equity, management participations)