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WPP's Hering Schuppener is handling the $19B deal to acquire Thyssenkrupp AG's lucrative elevator unit by global buyout firms Advent International and Cinven.
The transaction is one of Europe's biggest private equity deals in more than a decade.
Thyssenkrupp Elevator ranks No. 4 in the global lift market, trailing United Technologies' Otis, Switzerland's Schindler and Finland's Kone, which dropped out of the bidding due to EU antitrust concerns.
Advent and Cingen edged a bid by Blackstone, Carlyle Group and Canadian Pension Fund.
Thyssenkrupp Elevator generated $8.8B in revenues last year and employs more than 50K people.
Hering Schuppener's Jobst Honig and Jacqueline Niemeyer represent Advent/Cinven.
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