Deals
3G Bids for Thyssenkrupp Elevators
- Brazilian-American investor makes surprising run at business
- 3G competing with Kone, buyout firms for $17 billion unit
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3G Capital, the private equity firm that’s made a name for itself buying food giants from Kraft to Burger King, is eyeing a new frontier: elevators.
The Brazilian-American investment firm is among suitors that submitted bids for Thyssenkrupp AG’s elevator unit by last week’s deadline, according to people familiar with the matter. The business could fetch more than 15 billion euros ($17 billion), the people said, asking not to be identified because the information is private.