Corporate Law / Mergers & Acquisitions11.05.2021 News
Oppenhoff advises shareholders and TIMETOACT on the acquisition of a majority stake by Equistone
Oppenhoff has advised TIMETOACT Software & Consulting GmbH and the two shareholders Felix Binsack and Hermann Ballé on the acquisition of a majority stake by the private equity investor Equistone Partners. TIMETOACT shareholders Felix Binsack and Hermann Ballé will remain operationally active as managing directors and hold a significant stake in the company.
TIMETOACT is a leading provider of IT services for medium-sized companies, corporate groups and public institutions. The company focuses on software and consulting services in the areas of digital workplace, process automation & optimisation, business intelligence, identity & access management and customer experience, among others. The TIMETOACT Group, headquartered in Cologne, comprises nine specialised company brands at 16 locations in Germany, Austria and Switzerland, and last year generated sales of approximately EUR 120 million with around 700 employees.
With more than 160 transactions to date, Equistone is one of the leading financial investors in Europe. With this acquisition, the private equity investor is focusing on its increasing orientation towards high-growth technology companies in the DACH and Benelux regions.
The Oppenhoff team, led by Christof Gaudig (Corporate/M&A), included Marc Krischer (Tax), Simon Sawert (Corporate/M&A), Dr Daniel Dohrn (Antitrust), Georg Lecheler (IP), Anja Dombrowsky (Employment) and Dr Anna-Gesine Zimmermann (Litigation).