Advent International and Cinven Acquire thyssenkrupp Elevator from thyssenkrupp AG

KONE to Acquire TKE in €29.4 Billion Deal with Advent and Cinven Consortium

April 29, 2026

Industrial Services

KONE has announced an agreement to combine with TKE in a cash-and-share transaction implying a total enterprise value for TKE of €29.4 billion. The deal brings together two global elevator and escalator companies and is expected to complete no earlier than the second quarter of 2027, subject to regulatory approvals and KONE shareholder approval.

KONE Acquires Capitol Elevator

September 4, 2024

Industrial Services

KONE, the global elevator and escalator manufacturer, has acquired Capitol Elevator, a family-owned elevator service company based in Sacramento, California. The acquisition expands KONE's service capabilities and strengthens its position in the California market by integrating Capitol Elevator's local expertise and long-standing customer relationships.

Advent International to Acquire Significant Stake in Suven Pharmaceuticals

December 26, 2022

Pharmaceuticals

Advent International has entered into a definitive agreement to acquire a significant stake in Suven Pharmaceuticals from the Jasti family and will make an open offer for an additional 26% of public shares. Advent plans to evaluate a merger of its CDMO and API platform company, Cohance Lifesciences, with Suven to create a scaled end-to-end CDMO + merchant API powerhouse serving pharma and specialty chemical markets, subject to board and regulatory approvals.

Cinven to acquire majority stake in Euro Techno Com Group from Carlyle

June 3, 2022

Telecommunications

Cinven has entered into exclusive negotiations to acquire a majority stake in Euro Techno Com Group (ETC Group), a France‑headquartered distributor of telecom and technology infrastructure products, from Carlyle. Founder and CEO Cédric Varasteh would retain a significant stake and Carlyle will reinvest as a minority shareholder; the Group has around 1,100 employees and generates more than €1 billion in annual revenues.

Urban Elevator Acquires Aventura Elevator

May 18, 2021

Construction

Urban Elevator Service, a privately owned elevator contracting firm backed by Skydeck Capital, has acquired Aventura Elevator through its Florida subsidiary, Urban Elevator Service FL. The deal expands Urban Elevator's footprint in the Miami–Fort Lauderdale corridor and adds Aventura's installation, modernization, repair and maintenance capabilities and employees to Urban's platform; deal terms were not disclosed.

thyssenkrupp Elevator Canada Acquires Winnipeg Elevator Group

July 7, 2020

Engineering Services

thyssenkrupp Elevator Canada has acquired Winnipeg Elevator Group (WEG), a Winnipeg-based elevator service and modernization provider that maintains roughly 1,000 vertical-transportation units in the region. All 23 WEG employees and most of the ownership team will be retained; the acquisition strengthens thyssenkrupp's service and modernization footprint in the Winnipeg market.