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

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.