Partners Group buys China-focused elevator components maker
Partners Group has agreed to buy a controlling stake in Suzhou Savera Elevator Riding System, a Spanish elevator components manufacturer that now draws most of its business from China, for an enterprise valuation of more than $450 million.
The private markets investor will take an approximately 75% stake in the business, according to a source familiar with the situation, primarily from the Savera's founding family. The balance will be held...
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