Buyout price for thyssenkrupp elevators with similar sources of leverage


Two consortia remain in the race: Blackstone  and the m […]

Two consortia remain in the race: Blackstone  and the marine elevator Canada Pension Plan Investment Board are competing with Advent and Cinven CINV.UL, who are supported by the Abu Dhabi Investment Authority and Germany's RAG Stiftung.The bids, which were submitted in the afternoon, both include a leverage factor of more than 7 times earnings before interest, tax, depreciation and amortisation, the people said.Spokespeople for Thyssenkrupp and the suitors declined to comment or were not immediately available for comment.

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