Hengeler Mueller, Cravath Swaine & Moore and Freshfields Bruckhaus Deringer advised on the transaction
Knorr-Bremse AG announced its initial public offering (IPO) and listing of its shares on the regulated market of the Frankfurt Stock Exchange (Prime Standard).
Deutsche Bank, JPMorgan, Morgan Stanley, Berenberg, Commerzbank, UBS and UniCredit acted as joint bookrunners on the offering.
The IPO is expected to be completed in the fourth quarter of 2018, subject to market conditions. It is expected to consist only of the sale of existing shares indirectly held by the majority shareholder Heinz Hermann Thiele and his family, who will retain a majority stake in Knorr-Bremse following the completion of the IPO.
Hengeler Mueller advised Knorr-Bremse with a team including Reinhold Ernst (Picture) and Simon Patrick Link (Munich) and includes partners Dirk Busch (Düsseldorf) (all Capital Markets), Hans-Jörg Ziegenhain (Corporate), Matthias Scheifele (Tax) (both Munich), counsel Cecilia Di Ció (Capital Markets, Frankfurt) and Gunther Wagner (Tax, Munich) as well as associates Jimena Janeiro Fong (Capital Markets, Munich), Frederic Geber (Public Law, Düsseldorf), Katrin Geiger (Capital Markets, Munich), Oda Christiane Goetzke, Oliver Junk (both Capital Markets, Düsseldorf), Lisa Kopp (Corporate), Theresa Lauterbach (Capital Markets/Corporate) (both Munich), Eleni Melliou (Capital Markets, Düsseldorf), Moritz Schuler (Capital Markets/Corporate) and Tobias Schwab (Tax) (both Munich).
In US, Cravath advised Knorr-Bremse AG with a team including Philip J. Boeckman and associates Yannick Adler, Ingo M. Berner and Brian T. Bodensteiner.
Freshfields Bruckhaus Deringer advised Deutsche Bank, JPMorgan, Morgan Stanley, Berenberg, Commerzbank, UBS and UniCredit with a team including Christoph Gleske, Mark Strauch, Stephan Waldhausen, Christina Zapf and Esther Hackl.
Involved fees earner: Philip Boeckman – Cravath Swaine & Moore; Yannick Adler – Cravath Swaine & Moore; Ingo Berner – Cravath Swaine & Moore; Brian Bodensteiner – Cravath Swaine & Moore; Reinhold Ernst – Hengeler Mueller; Simon Patrick Link – Hengeler Mueller; Dirk Busch – Hengeler Mueller; Hans-Jörg Ziegenhain – Hengeler Mueller; Cecilia di Ció – Hengeler Mueller; Jimena Janeiro Fong – Hengeler Mueller; Katrin Geiger – Hengeler Mueller; Oda Christiane Goetzke – Hengeler Mueller; Oliver Junk – Hengeler Mueller; Lisa Kopp – Hengeler Mueller; Theresa Lauterbach – Hengeler Mueller; Eleni Melliou – Hengeler Mueller; Moritz Schuler – Hengeler Mueller; Matthias Scheifele – Hengeler Mueller; Gunther Wagner – Hengeler Mueller; Tobias Schwab – Hengeler Mueller; Frederic Geber – Hengeler Mueller; Christoph Gleske – Freshfields Bruckhaus Deringer LLP; Mark Strauch – Freshfields Bruckhaus Deringer LLP; Stephan Waldhausen – Freshfields Bruckhaus Deringer LLP; Christina Zapf – Freshfields Bruckhaus Deringer LLP; Esther Hackl – Freshfields Bruckhaus Deringer LLP;