Post by Kekst CNC

Kekst CNC is proud to have advised TK Elevator (TKE), Advent and Cinven on the announcement of the planned combination of KONE and TKE. The cash-and-share transaction implies a total enterprise value for TKE of EUR 29.4 billion, making it the largest sponsor-led private equity transaction in Europe on record. Creating a world-class company in the elevator and escalator industry, this transaction would result in a combined group with approximately EUR 20.5 billion in annual sales. The planned combination brings together two global businesses with highly complementary geographic footprints and innovation platforms. Congratulations to all parties involved on the successful announcement and thank you for the excellent collaboration. It is a privilege to have supported this significant milestone, and we look forward to what comes next. The Kekst CNC team was led by Partners Marie von Bismarck and Knut Engelmann and included Franziska Wissig, Isabel Henninger, Stephan Göttel and Katja Krejcir.