TIMETOACT GROUP Boosts Cloud Consulting Capabilities with beBOLD Acquisition
Deal News | Jan 21, 2025 | Equistone Partners Europe
The article reports on TIMETOACT GROUP, a prominent IT service provider, acquiring beBOLD GmbH, a consulting boutique specializing in cloud transformation from Hamburg, Germany. This acquisition is TIMETOACT GROUP's first in 2025 and marks its eleventh since Equistone Partners Europe took a majority stake in June 2021. TIMETOACT, which operates across multiple international locations, primarily targets medium to large enterprises in sectors such as industrial, financial, and public institutions. Equistone has guided TIMETOACT through a buy-and-build strategy to expand and enhance its service portfolio. The acquisition of beBOLD is a significant step in TIMETOACT’s growth strategy, adding expertise in holistic cloud consulting. beBOLD's founders, Joris Schoor and Marcel Böttcher, will continue to lead the company under the TIMETOACT umbrella, enhancing customer offerings in cloud transformation. The transaction involved advisors from several legal and tax firms.
Sectors
- Information Technology
- Private Equity
- Cloud Computing
Geography
- Germany – TIMETOACT GROUP is headquartered in Cologne, and beBOLD is based in Hamburg, Germany, playing critical roles in the transaction.
- Europe – Equistone Partners Europe operates out of Munich, and the acquisition involves multiple European countries where TIMETOACT has a presence.
Industry
- Information Technology – The involvement of TIMETOACT GROUP and beBOLD centers around IT services, cloud transformation, and digitalisation consulting.
- Private Equity – Equistone Partners Europe is a private equity firm that acquired a majority stake in TIMETOACT GROUP, driving its buy-and-build growth strategy.
- Cloud Computing – beBOLD specializes in cloud-transformation projects, influencing TIMETOACT GROUP's expansion in cloud consulting services.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TIMETOACT GROUP | Acquiring Company | Company | A leading IT services provider focusing on medium and large companies and public institutions. |
| beBOLD GmbH | Target Company | Company | A consulting boutique firm specializing in cloud transformation based in Hamburg. |
| Equistone Partners Europe | Private Equity Firm | Company | A private equity firm that holds a majority stake in TIMETOACT GROUP. |
| Joris Schoor and Marcel Böttcher | Founders and CEOs | People | Founders and CEOs of beBOLD who will continue to lead the company under TIMETOACT. |
| Frank Fuchs, Christian Koch, and Christian Reifenhäuser | Deal Team | People | Key figures responsible for managing the transaction on behalf of TIMETOACT GROUP. |
| AC CHRISTES & PARTNER | Financial & Tax Advisor | Company | Advised TIMETOACT GROUP on financial and tax matters for the acquisition. |
| de Angelis Rechtsanwälte | Legal Advisor | Company | Provided legal advisory for TIMETOACT GROUP during the acquisition. |
| McDermott Will & Emery | Legal and Antitrust Advisor | Company | Offered legal and antitrust counsel to TIMETOACT GROUP for the transaction. |
| GRG | Legal Advisor | Company | Provided legal advisory to beBOLD's shareholders. |
| Mertens Schabow Steuerberatungsgesellschaft Hamburg | Tax Advisor | Company | Assisted beBOLD's shareholders with tax advisement for the transaction. |