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Announced

Ontario Teachers' Pension Plan Board to invest in Vantage Elevator Solutions.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Machinery: Specialty

Friendly

Cross Border

Acquisition

Majority

Pending

elevator components

Private Equity

United States

Single Bidder

Private

Synopsis

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Ontario Teachers' Pension Plan Board agreed to invest in Vantage Elevator Solutions, a North American designer, manufacturer and distributor of elevator components and systems. Vantage's current owner, Golden Gate Capital, will retain a significant minority ownership stake in the company. Financial terms were not disclosed. "We are thrilled to acquire a majority stake in Vantage. The company has a strong portfolio of brands and solid market position among elevator components manufacturers. We are attracted to the strong resilience of the sector, as well as the growth potential in this segment. We look forward to partnering with CEO Ron Cauchi, the Vantage management team and Golden Gate Capital to support the business as it enters its next stage of growth," Karen Frank, Ontario Teachers' Senior Managing Director, Equities.

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