Wacker Construction Equipment in €405 Million IPO

Cleary Gottlieb represented Deutsche Bank AG, Sal. Oppenheim, Jr. and UBS Ltd. as underwriters in the €405 million IPO of Wacker Construction Equipment AG. The IPO included both a public offering in Germany and an international private placement with institutional investors (including in the U.S. under Rule 144A). The shares began trading in the official market of the Frankfurt Stock Exchange (prime standard) on May 15.

Wacker Construction Equipment is headquartered in Munich and is a leading European manufacturer of light and compact equipment for the construction business.