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KB Holding GmbH's Secondary Sale of Ordinary Shares

Cravath, together with Hengeler Mueller, represented KB Holding GmbH in connection with its €728 million secondary sale of ordinary shares of Knorr‑Bremse AG to institutional investors. 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 transaction closed on June 23, 2020.

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