Proskauer Advises Main Financial Shareholders of WeMaintain on Sale to Otis

Proskauer advised the main financial shareholders of WeMaintain in connection with the company’s acquisition by Otis. Otis, the world leader in the manufacture, installation, maintenance and modernization of elevators and escalators, has acquired WeMaintain. As part of the transaction, WeMaintain’s principal investors — Red River West, Eurazeo, Bpifrance Digital Venture, Raise Ventures, Saint James Innovation, Opera Tech Ventures, Verve Investment, Future M, Groupe ADP and CDP Venture Capital — sold their entire stakes. With Otis as its new parent company, WeMaintain will retain operational autonomy while benefiting from the financial strength of a global group to support its development, notably in regulated markets and in securing spare‑parts supply chains. WeMaintain is distinguished by an innovative, digitalized maintenance approach that uses connected sensors and by an integrated operating model based on the direct employment of technicians, enabling high responsiveness and service quality for customers. Founded in the UK, its principal market, the company is also expanding in Asia, particularly in Singapore and Hong Kong. Proskauer represented the main financial shareholders of WeMaintain with a team composed by: partner Hélène Parent; counsel Gautier Valdiguié; associate Pierre Blanchard — Private Equity M&A.

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Proskauer Advises Main Financial Shareholders of WeMaintain on Sale to Otis

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Proskauer Advises Main Financial Shareholders of WeMaintain on Sale to Otis

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