PE-backed Kion Group to list

Around 25% of the firm may be put up for sale in a listing that could value the firm at around €2.5bn.

The company is also part-owned by Shandong Heavy Industry Group, following its acquisition of a 25% stake for €467m in 2012.

The private equity backers bought the company from Linde AG for €4bn in 2007; the deal comprised €3.6bn in equity and €400m in net liability. The transaction was the largest leveraged buyout in Germany at the time, and was secured following an auction process arranged by Credit Suisse.

In 2009, the GPs provided the company with a €100m loan, arranged on the same terms as the firm's existing senior debt.

Goldman Sachs, Deutsche Bank and Morgan Stanley are reported to be overseeing the listing.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• DACH
• Exits
• Industrials
• Germany
• KKR
• Goldman Sachs
• IPO