Knorr-Bremse AG’s €1 Billion Shares Offering

Cravath, together with Hengeler Mueller, represented KB Holding GmbH in the offering.

Knorr-Bremse executed the €1 billion secondary sale of ordinary shares. The transaction closed on September 15, 2020.

KB Holding GmbH, an entity controlled by Heinz Hermann Thiele, is the majority shareholder of Knorr-Bremse AG, a leading global manufacturer of brake systems and a supplier of additional safety-critical sub-systems for rail and commercial vehicles.

The Cravath team included partner Philip J. Boeckman and associate Brian T. Bodensteiner.

Involved fees earner: Brian Bodensteiner – Cravath Swaine & Moore; Philip Boeckman – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: KB Holding;