KKR, Bain Mull Restructuring of Troubled Elevator Parts Firm

The owners and creditors of Wittur International Holding GmbH are weighing a restructuring of the company as it struggles with hefty interest payments and a dwindling cash pile.

Majority shareholder Bain Capital LP and the junior debt holders of the German elevator component maker have agreed on a suspension of interest payments on some of its loans, while the private equity firm has also injected €10 million ($11 million) to keep the business running, according to people familiar with the matter, who asked not to be identified because they aren’t authorized to speak about it.

KKR & Co Inc., ...