Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong.
Take 2 mins to learn more

Business Description

The Wittur Group, is a worldwide leading producer and supplier of elevator components. Founded 1968 in Germany, the group operates in Europe, Asia and Latin America and is headquartered in Wiedenzhausen, Germany.

Wittur started its business with the production of elevator doors only and has developed itself over time to an enterprise offering complete elevators and producing a wide range of elevator components such as:

  • Elevator doors (car doors and landing doors)
  • Lift machines
  • Safety devices (especially over-speed governors and safety gears)
  • Cars/Car slings
  • Shaft accessories
  • Complete elevator systems

Bond Information

15 Feb 2023
Repaid On
10 Oct 2019
Previous Payment
15 Feb 2023
Interest Period
6 months
XS1188024548
Select Seniority
€225,000,000
S&P:  CCC
Moody's:  Caa2
15 Feb 2018 at 104.25
15 Feb 2019 at 102.125
15 Feb 2020 at 100
Status
Repaid

* Current Yield and Yield to Maturity are on estimated return calculations and not guaranteed. All yields shown are gross of Taxation and our Service Fee.

Company Information

Industry
Technology
Country of Origin
Germany
Year of Incorporation
1968
Ownership Status
Private

Capital Structure

Senior Debt 40%

Junior Debt 21%

Equity 39%

Type €m x EBITDA* % of capitalisation* Maturity* Coupon* EBITDA/Interest*
Cash na na na na na na
RCF Revolver €80m na na na na na na
Other debt na na na na na na
Finance leases & IFRS 16 adjustments na na na na na na
Net Secured Debt na na na na na na
Net Debt na na na na na na
Net Capitalisation na na na na na na
Senior Notes €255m 8.50% na na na na na na
Term Loan B na na na na na na
Implied Equity na na na na na na
EBITDA 119          
Cash Interest 47.60          

Source: Public Company Information

* An asterisk next to an item indicates there is additional information available if you hover over it. You can also find a definition of the terms used on this page in our Glossary.

Based on a 10x purchase multiple paid by Public Sector Pension Investment (“PSP”) in a purchase agreement to acquire a 32% stake in the Company, dated 28th December 2018.

Key Financials

Key Financials (€m) 2014A 2015A 2016A 2017A LTM 2018
n/a n/a n/a n/a n/a n/a
n/a n/a n/a n/a n/a n/a
n/a n/a n/a n/a n/a n/a
n/a n/a n/a n/a n/a n/a
n/a n/a n/a n/a n/a n/a
n/a n/a n/a n/a n/a n/a
Wisealpha circle logo

Invest from just £100 per bond

Capital at risk.

Please note as a WiseAlpha member you are not lending directly to the corporate borrower. Instead, you are purchasing Fractional Bonds, each one backed by a specific bond. See Risk Statement.