Top Euro firms gain lead roles on cross-border sell-off of seven unwanted Siemens operations; A&O and Clifford Chance also advise
October 30, 2002 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Top European firms Hengeler Mueller and Uria & Menendez have won leading roles on the e1.69bn (£1.06bn) cross-border sale of seven of Siemens’ businesses to US private equity house Kohlberg Kravis Roberts & Co (KKR).
The acquisition saw KKR buy Mannesmann Plastics Machinery; gas spring producers Stabilus; harbour crane unit Gottwald; Siemens’ Power Transmission and Distribution Group; the ceramics division of Power Generation Group; and Network Systems.
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