Linklaters and Kirkland & Ellis are lead advisers on the sale of the elevator unit of the German conglomerate ThyssenKrupp—a deal that marks the largest buyout transaction in Europe since the 2008 financial crisis.
A consortium made up of the private equity firms Advent International and Cinven, as well as Germy’s RAG Stiftung, are buying ThyssenKrupp’s elevator technology unit for €17. 2 billion ($18.9 billion.) RAG Stiftung is the foundation created after the dissolution of the technology and mining group RAG and is now the majority owner of Evonik Industries AG.
