Reference Transaction

Advising Straub Autovermietung GmbH on the sale to Budget Germany

Straub Autovermietung GmbH

Budget Germany

SECTOR

Business Services

TRANSACTION TYPE

Sell-side M&A

CLOSING TIME

01/01/2007

The former Robert Straub GmbH Autovermietung, founded in 1954 and based in Biberach an der Riß, changed its name to Budget Autovermietung on 16 September 2007 and most recently employed approx. 650 people.

Budget Car Rental is one of the world's best-known car rental brands with around 3,350 locations in more than 120 countries. Budget is an industry leader in car rental for budget travellers and also operates the second largest truck rental company in the United States, with a network of approximately 1,650 locations. Budget is owned yu the Avis Budget Group , Inc.

Saxenhammer Transaction Team

Following transaction team facilitated the transaction for our client.

About the sector

Business Services

The services sector in Germany accounts for three quarters of all employed persons and generates around two thirds of GDP, making it the largest and fastest growing economic sector in Germany. The market grew strongly in the last decade, often with double-digit growth rates. Optimal infrastructure, high productivity rates and highly qualified personnel make Germany an extremely attractive location for the provision of services.