-
Digital advisory & IT consulting
Mastering digitalisation together
-
Operational Advisory
Solidifying and supporting transformation
-
Deal Advisory
We’ll advise you on national and international transactions
-
Valuation & economic and dispute advisory
We’ll value your business fairly and realistically
-
Debt advisory & treasury services
Funding and treasury consulting to the client’s advantage
-
Tax for businesses
Because your business – national or international – deserves better tax advice.
-
Tax for financial institutions
Financial services tax – for banks, asset managers and insurance companies
-
Global mobility services
Avoid double taxation – and minimise costs
-
Employment law
Representation for businesses
-
Commercial & distribution
Making purchasing and distribution legally water-tight.
-
Financial Services | Legal
Your Growth, Our Commitment.
-
Business legal
Doing business successfully by optimally structuring companies
-
Real estate law
We cover everything on the real estate sector, the hotel industry, and the law governing construction and architects, condominium ownership, and letting and renting.
-
IT, IP and data protection
IT security and digital innovations
-
Mergers & acquisitions (M&A)
Your one-stop service provider focusing on M&A transactions
-
Sustainability strategy
Laying the cornerstone for sustainability.
-
Sustainability management
Managing the change to sustainability.
-
Legal aspects of sustainability
Legal aspects of sustainability
-
Sustainability reporting
Communicating sustainability performance and ensuring compliance.
-
Sustainable finance
Integrating sustainability into investment decisions.
-
Grant Thornton B2B ESG-Study
Grant Thornton B2B ESG-Study
-
International business
Our country expertise
-
Entering the German market
Your reliable partners.
Grant Thornton advises Down2Earth Capital, Gimv and The Wallfashion on the purchase of Rasch Tapetenfabrik
Munich/Frankfurt, 15 April 2024
Down2Earth Capital (D2E) and Gimv recently announced the takeover of wallpaper manufacturer Rasch Tapetenfabrik GmbH & Co. KG, based in Bramsche in Lower Saxony, through their portfolio company The Wallfashion House. The previous owners, the Rasch family, will retain a large share in the company in order to guarantee continuity and the current management will continue to run Rasch independently.
An interdisciplinary team from Grant Thornton in Germany from the areas of Financial and Tax, led by Partners Klaus-Martin Haußmann and Dr. Achim Kestler advised D2E, Gimv and The Wallfashion House on their financial and tax due diligence. Other advisory services were also provided on issues specific to the transaction, including on the contract negotiations and extensive restructuring measures.
Tapetenfabrik Gebr. Rasch GmbH & Co. KG is one of Germany’s leading wallpaper manufacturers. The company has been family-owned since it was founded in 1861. Rasch has eight offices abroad and exports to 95 countries. Now, alongside Grandeco Wallfashion Group, Wall!Supply and Holden, it will become part of The Wallfashion House, a leading European association of designers and producers of wall decoration products that was established by D2E and Gimv in 2020 with the goal of establishing itself as the leading wall fashion player in Europe.
Team
Financial
Klaus-Martin Haußmann
Partner (Munich, Frankfurt)
+49 69 905598647
klausmartin.haussmann@de.gt.com
Markus Schneider
Senior Manager (Frankfurt)
+49 69 905598639
markus.schneider@de.gt.com
Lea Korsawe
Senior Consultant (Munich)
+49 89 368494248
lea.korsawe@de.gt.com
Moritz Düvel
Senior Consultant (Frankfurt)
+49 69 905598771
moritz.duevel@de.gt.com
Dian Xie
Senior Consultant (Frankfurt)
+49 69 905598668
dian.xie@de.gt.com
Bünyamin Kurt
Senior Consultant (Frankfurt)
+49 69 905598795
buenyamin.kurt@de.gt.com
Tax
Dr Achim Kestler
Partner (Munich)
+49 89 368494279
achim.kestler@de.gt.com
Musa Yilmaz
Senior Manager (Frankfurt)
+49 69 905598758
musa.yilmaz@de.gt.com
Dominik C. Saur
Assistant Manager (Munich)
+49 89 368494365
dominik.saur@de.gt.com
Andreas Scherg
Senior Consultant (Munich)
+49 89 368494385
andreas.scherg@de.gt.com
About Grant Thornton in Germany
Grant Thornton AG is one of the ten largest audit firms in Germany, providing services to upper mid-market companies and listed companies, with around 1,900 employees at ten offices. The audit and advisory firm consists of the service lines Audit & Assurance, Tax, Advisory and Legal. The firm is legally independent. To be able to serve national clients internationally as well, the firm is a member of the international Grant Thornton International Ltd network (GTIL). GTIL and its member firms are not a worldwide partnership but legally independent entities. With around 73,000 employees, the Grant Thornton network advises companies in 149 countries across the world. www.grantthornton.de
Contacts
Willi Keipper
Manager PR & Corporate Communications
+49 30 8904 82106
willi.keipper@de.gt.com