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Several PE funds interested in Thyssenkrupp elevators division - report

Several PE funds interested in Thyssenkrupp elevators division - report
FILE PHOTO: An elevator shaft is pictured inside Thyssenkrupp's elevator test tower in Rottweil, Germany, September 25, 2017. The 246 metre construction will test innovative elevator technology. REUTERS/Michaela Rehle -
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Michaela Rehle(Reuters)
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BERLIN (Reuters) – Private equity funds Advent, Apollo <APO.N>, CVC, Carlyle <CG.O>, KKR <KKR.N> and probably also EQT are among the parties interested in Thyssenkrupp’s <TKAG.DE> elevators division, Germany’s Manager Magazin reported on Thursday.

The magazine, which did not name its sources, said informal talks were already underway.

Thyssenkrupp boss Guido Kerkhoff has agreed to consider a sale of its prized elevators business to help turn around the stricken conglomerate.

(Reporting by Michelle Martin, editing by Emma Thomasson)

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