TAURUS ADVISORY ARRANGES COMPANY SUCCESSION FOR THE SHAREHOLDERS OF AUGUST RENSCHLER GMBH & CO. KG

The shareholders of August Renschler GmbH & Co. KG are selling 100% of their shares to Dr. Sasse Facility Management GmbH, Berlin, a subsidiary of Dr. Sasse AG, Munich. The transaction will enable Dr. Sasse to expand the area of sanitary services and to acquire additional market shares, especially in the state of Baden-Württemberg and the eastern part of Germany. August Renschler will be integrated into the facility management division of the Sasse Group as an independent company based in Mannheim.

Taurus Advisory exclusively advised the two shareholders of August Renschler - Michael Weik and Uwe Flockerzi - through the entire transaction process. In close coordination with the shareholders, the Taurus Advisory team (Oliver Kolb and Alexandra Heidemann) took over the selection and approach of potential interested parties, organized exploratory talks and jointly prepared necessary planning and presentation documents. "Our sector expertise was of course a good foundation. Added to this is the mid-market focus as the DNA of Taurus Advisory. Thus, the approach to potential investors was goal-oriented. However, a bidding competition always involves a bit of negotiating skill, too." reports Dr. Schmitte of Taurus Advisory, explaining the transaction process.

With the sale of the company shares to Dr. Sasse, the shareholders successfully realise their company succession. Michael Weik will continue to manage August Renschler together with Thomas Ansorge (Managing Director of Dr. Sasse Facility Management GmbH) as Managing Director. "The experts from Taurus Advisory had a clear plan from the very beginning. The sales process was neatly structured and the bidding process was correspondingly professional. The solution found is perfect for us." says Managing Director Michael Weik.

Project team of Taurus Advisory:

Dr. Klaus Schmitte, Managing Partner

Oliver Kolb, Vice President