Schoenherr provided Austrian advice and Hengeler Mueller was lead counsel to private equity group Bain Capital on its sale of a 32% stake in the Wittur Group to an investment company of the Canadian Public Sector Pension Investment Board.
The transaction closed on March 7, 2019.
The Wittur Group is an independent manufacturer of elevator components and systems, producing for such companies as Kone, Otis, and Schindler.
The PSP Investments pension fund has net assets of approximately EUR 100 billion.
The Schoenherr team consisted of Vienna-based Partner Christian Herbst, Counsel Maximilian Lang, and Associate Sascha Smets. Budapest Partner Kinga Hetenyi was also involved in the deal.