Cravath represented Compagnie de Saint‑Gobain as U.S. counsel in connection with the placement, through its subsidiary Schenker‑Winkler Holding AG, of approximately 15.2 million of Sika shares, representing its full stake of 10.75% in Sika, for a total of CHF 2.56 billion. The Sika shares were placed via an accelerated book‑building process. Compagnie de Saint‑Gobain designs, manufactures, and distributes materials and solutions for wellbeing worldwide. The Sika shares are listed on the SIX Swiss Exchange Ltd. The transaction closed on May 29, 2020.
The Cravath team included partner George A. Stephanakis and associate Henri R. Simonet.