The Wittur Group (ISIN: XS1188024548, XS1188025438) announced today that Canada’s Public Sector Pension Investment Board (“PSP Investments”) has entered into an agreement to acquire a 32% stake in a parent company of Wittur International Holding GmbH from a company controlled by Bain Capital Private Equity. The Canadian pension fund will closely cooperate with Bain Capital Private Equity as sponsor and trusted partner to further bolster Wittur’s international expansion. As usual, the transaction is subject to certain closing conditions including the approval of the antitrust authorities. The closing of the transaction is expected in Q1 2019. Both parties have agreed not to disclose the financial details of the agreement.
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