Linklaters advises banks on financing of EUR 29.4bn KONE and TK Elevator combination

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Rachel Baum
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Linklaters advised Bank of America and BNP Paribas on the financing in connection with KONE Corporation’s agreement to combine with TK Elevator. The combination would bring together two global elevator and escalator companies in a cash and share transaction with an enterprise value of EUR 29.4 billion.

The combined group would have more than 100,000 employees in over 100 countries.

The Linklaters team advising on this transaction was led by global co-head of Banking Toby Grimstone and partner Atish Shah alongside managing associate Alliance Mukengeshayi and associate Alice Harwood.

The team was supported by the firm’s US Banking and Tax teams.