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Matthias Schulte
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Assessor jur.
Börsenstraße 1
60313 Frankfurt am Main
Germany
T +49 69 971477418
matthias.schulte@noerr.com
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08.11.2006

Linde AG has sold its Forklift Division to the US finance investor KKR and Goldman Sachs. A Nörr Stiefenhofer Lutz team led by the Frankfurt partner, Dr. Kerstin Mast, and the Munich partner, Dr. Tobias Bürgers, advised Linde on the sale of the business now called the Kion Group. The partners were assisted by Petra Samson and Dr. Till Kosche, Frankfurt.

The seller's Due Diligence, directed by Nörr, covered 14 jurisdictions. In Germany and the Czech Republic the international partnership provided advice through its own offices. In twelve other jurisdictions, a total of eleven partner offices were involved. Nörr Stiefenhofer Lutz was also involved in the sale process with individual bidders and the preparation of the contract documentation.

According to media reports, the sale price including debt taken over was 4 billion Euro. The transaction therefore constitutes one of the largest take-overs of a German business by international investors (FTD and Börsen-Zeitung of 7. Nov.).


Advisors to Linde AG on preparation of the sale and seller's Due-Diligence

International Coordination and Germany: Nörr Stiefenhofer Lutz

Corporate and Coordination: Dr. Kerstin Mast (Partner, Frankfurt), Dr. Tobias Bürgers (Partner, Munich), Petra Samson and Dr. Till Kosche (Associates, Frankfurt)

Corporate: Dr. Ralf Recknagel and Dr. Alexander Hirsch (Senior Professionals, Frankfurt and Düsseldorf)

Leasing: Christian-Thomas Stempfle and Dr. Mansur Pour Rafsendjani (Senior Professionals, Munich)

Real Estate: Gregor Barbers, LL.M. (Partner, Düsseldorf)

Labour Law: Jan Rudolph, Dr. Andreas Butz and Christian Betz-Rehm (Senior Professionals, Frankfurt, Düsseldorf and Munich)

Czech Republic: Nörr Stiefenhofer Lutz
Barbara Kusak, Ilona Drbohlavova

Italy: NCTM – Studio Legale Associato Negri-Clementi, Toffoletto, Montironi & Soci
Stefano Padovani, Mario Giambo

Spain and Chile: Uría Menéndez
Hipolito Suarez Gutierrez, Jose Ramon Bericibar

France and China: Gide Loyrette Nouel
Bertrand Barrier, Karl Hepp de Sevelinges

USA, South Carolina: Wyche Burgess Freeman & Parham
Kevin Hendricks, Lawson Vicario

England: Addleshaw Goddard LL.P.
Stephen Houston, Nina Dale
and
Burges Salmon LL.P.
Mark Paterson, Keith Beattie

Austria: Fellner Wratzfeld & Partner Rechtsanwälte GmbH
Dr. Kurt Wratzfeld, Sabine Fehringer

Sweden: Advokatfirman Vinge KB
Peter Morawetz, Viveka Beckeman

Australia: Mallesons Stephen Jaques
Andrew Monotti, Daniel McCracken-Hewson

The Netherlands: Houthoff Buruma

Switzerland: Pestalozzi Lachenal Patry

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