FollowAccording to reliable sources, Bain, a US-based private equity firm, is hopeful in winning the bidding for Wittur, a German elevator components maker, in a potential deal that is worth more or less 600 million euros or $750 million.
According to some sources, earlier this week, the company handed in their bid for Wittur, a company that is owned by Triton and Capvis, a private equity group. The sources also added that another bid coming from an unknown group was also received during that day.
According to one of the sources, Bain is very desperate and keen on the asset. However, the source said it is still too early to claim that Bain will be the winner of this bidding.
One of the other companies that is interested in Wittur is the buyout group Baring Private Equity. This group is expected to be among the top rivals of Bain in terms of winning the bid for Wittur.
When asked for a comment regarding the bidding, Bain decided not to comment. On the other hand, Baring Private Equity is not yet available for an interview at the moment so they wasn’t able to give their words as well. Who do you think will win the bidding? Is it Bain, Baring or another company?
