Accenture Holding GmbH & Co. KG entered into an agreement to acquire 62.13% stake in SinnerSchrader Aktiengesellschaft (XTRA:SZZ) from Matthias Schrader, Thomas Dyckhoff, Internationale Kapitalanlagegesellschaft mbH and other shareholders for €64.5 million on February 20, 2017. Accenture will acquire 7.2 million shares at €9 per share. Accenture also announced its intention to launch a public tender offer to all remaining shareholders at €9 per share. Matthias Schrader, Co-founder of SinnerSchrader will continue as Chief Executive Officer of SinnerSchrader. The transaction is subject to approval of acquisition by the competent competition authorities in Germany and Austria and customary closing conditions. The supervisory Board of SinnerSchrader has approved this agreement. The deal has been approved by the competition authorities in Germany and Austria on March 2, 2017 and March 22, 2017, respectively. As on April 4, 2017, Accenture Holding GmbH & Co. KG acquired 59.7% stake in SinnerSchrader. The acquisition is expected to close on April 4, 2017. Deutsche Bank acted as financial advisor and Christoph Wolf of Baker McKenzie acted as legal advisor to Accenture. M.M.Warburg & CO (AG & Co.) KGaA acted as financial advisor to SinnerSchrader. Jörn Wöbke, Martin Hitzer, Christian Mencke, Nadja Al-Wraikat, Hilmar Hütten, Marc Seeger, Stefan Lingemann, Josefine Chakrabarti and Petra Linsmeier of Gleiss Lutz acted as legal advisor to Sinnerschrader. Ernst & Young acted as accountant to Accenture.