Funds advised by Equistone Partners Europe have acquired a majority stake in Timetoact Group, a IT consultancy and services provider for medium-sized businesses, large corporations and public sector institutions, based in Cologne, Germany.
Timetoact Group comprises nine specialist brands in 16 locations across Germany, Austria and Switzerland: ARS, Cloudpilot, Edcom, GIS, IPG, NovaCapta, Synaigy, Timetoact and X-Integrate. The group offers its clients IT service solutions in the area of digital workplace, process automation and optimisation, business intelligence, identity & access management as well as customer experience.
“We were looking for a reliable and financially strong partner, who can support us strategically during future growth phases, both organically and through acquisitions, while taking into account our unique company culture, said Felix Binsack, co-managing director of Timetoact Group. “With Equistone, we have found such a partner”
Hermann Ballé, co-managing director of Timetoact Group, added, “Especially in supporting companies through the implementation of buy-&-build strategies, Equistone has many years of extensive experience. We are therefore looking forward to this partnership, which will benefit both our employees and customers, as it ideally matches our own strategy for the future.”
Leander Heyken, partner at Equistone Partners Europe, commented, “The acquisition of Timetoact Group adds a leading digitalisation expert with a broad range of specialised IT services to our portfolio, in a market that is characterised by strong and steady growth. At the same time, this acquisition also reflects an increased focus on technology companies: a sector with exciting business models, excellent growth prospects, and founders, we can support in their business goals.”
Frank Fuchs will join the Timetoact Group management team as CFO.
Leander Heyken, Christoph Wüstemeyer and Dr Marc Arens led the transaction on behalf of Equistone. Equistone was advised by WDP (Commercial), EY (Financial & Tax), Poellath (Legal Corporate), Preu Bohlig & Partner (Legal Technology), Shearman & Sterling (Legal Financing) and GCA Altium (Debt Advisor). The Timetoact Group owners were advised by Flandor (M&A Advisor, Corporate Finance) and Oppenhoff & Partner (Legal).