1. PREPARATION AND PURCHASE DOCUMENTS
For the success of a buy-side mandate it is of great importance to discuss the reasons and strategic objectives of your intended acquisition in detail at the beginning of a transaction. Based on this we develop …
… the optimal search strategy for you, for example with regard to your product portfolio, sales size, EBIT range, number of employees or geographical location.
In order to approach these companies Taurus will work with you to create an anonymous client profile, if required, which we will make available to the shareholders of the target companies at the time of the initial approach in order to confirm the seriousness of our approach.
2. TARGET SEARCH AND TARGET APPROACH
Based on our joint preliminary discussions Taurus compiles a list of potential target companies and extensive information on these. These include the name and registered office of the company, …
… the names of the shareholders and managing directors, the number of employees and relevant financial figures such as annual sales, EBIT, EBITDA and other interesting key figures. This list can of course be supplemented with companies from your own network. Together with you we will work out a post-selected list of companies whose shareholders we will then address very personally.
We take care of the initial contact for you and, if the potential seller is interested in further discussions, we provide him with a confidentiality agreement in order to obtain more detailed company information. Only after checking the relevance of the target and the seriousness of the intention to sell, we organize an initial contact with you in person or via video call. Prior to this initial meeting we prepare relevant company information for you so that you can go into the meeting well prepared. Up to this point, your personal involvement in the approach has not been necessary!
3. COMPANY VALUATION AND LETTER-OF-INTENT
If the initial discussions are positive, we will obtain further information from the target company to obtain a more accurate picture, particularly with regard to the company's valuation. On this basis …
… we determine a fair market value of the company for you with the help of standard valuation methods.
In addition, at this point in time there are usually already face-to-face meetings for a more in-depth relationship between buyer and seller, such as a site visit at the target.
We accompany you throughout the entire contact phase and, if you are interested in the target, we prepare a Letter of Intent (LOI) in consultation with you which will be signed by both parties. This LOI, which is still non-binding, contains the possible purchase price and other essential conditions as well as an exclusivity agreement for the further course of the transaction.
4. DUE DILIGENCE
Due diligence involves an intensive examination of the target company with regards to business strategy, finances, taxes, legal matters, and often also technology and the environment. The due diligence …
… is carried out by specialised auditors, tax advisors, lawyers and technical experts who, if required, are mandated separately by you as the buyer. We will be happy to put you in touch with the appropriate specialists with whom we work together on a regularly basis and in a well-coordinated manner.
During the due diligence Taurus takes care of the organisation and document management for the virtual data room. In addition, we manage the questions you have and the answers of the sellers and document all information in the data room. We pay special attention to possible critical findings in the due diligence which we, as your advisor, present "gently" to the seller without jeopardizing the overall transaction at the principal level.
After successful completion of the due diligence we prepare a binding offer or term sheet based on the LOI and adjust it, if necessary, based on the due diligence results. Often, instead of the binding offer, a draft of the share sale and purchase agreement is also submitted directly to the sellers.
5. LEVERAGED BUY OUTS
Upon request, Taurus will prepare a financing concept for the respective company acquisition for you and will conduct a tendering process with your house banks or specialized banking partners …
.… in order to achieve the best possible acquisition financing for you. In this context we negotiate, for example, the possible financing amount with all general conditions. In particular the suitable collateral structure. Our goal is the highest possible transaction security for you at the best possible conditions.
6. SHARE PURCHASE AGREEMENT (SPA)
Following the successful due diligence and the general agreement between seller and buyer, all contractual documents for the transaction must be prepared. In addition to the SPA this often includes …
… a new shareholder agreement, separate shareholder agreements or service agreements. These are typically drafted by lawyers and tax advisors specializing in transactions who are commissioned by the buyer and seller. Together with you we negotiate the commercial content of the required contracts and also contribute our experience from many transactions. In addition, we also provide support in the preparation of the extensive contractual annexes in order to ensure the highest possible transaction security.
The signature and thus the signing of the SPA as well as the payment of the purchase price (closing) constitute the successful conclusion of our contribution in the transaction process.
DEAL-DETAILS
Encevo Deutschland GmbH acquires 100% of the shares in Wieland & Schultz GmbH. Taurus was exclusively commissioned with the search for interesting target companies in the southwest of Germany and was responsible for the entire transaction process.


acted as exclusive M&A advisor to the buyer
DEAL-DETAILS
Die Klimmer Gruppe erwirbt im September 2020 die Burgauer Traditionsunternehmen BSB Metallverformung GmbH + Co. Stanzwerk und BWB Behälter-Werk Burgau GmbH + Co. KG.


acted as exclusive M&A-Advisor to the buyer
DEAL-DETAILS
Über ein Management Buy-Out erwerben zwei Vorstände und ein leitender Angestellter Gesellschaftsanteile an der MBN Bau AG. Die bisherigen Gesellschafter schließen mit dem Verkauf ihrer Anteile erfolgreich den Generationenwechsel an der Unternehmensspitze ab.

acted as exclusive M&A-Advisor to the buyer