TIMETOACT GROUP Sold to H.I.G. Capital, Marking Strategic Success for Equistone
Deal News | Mar 03, 2025 | Equistone Partners Europe
Equistone Partners Europe announced the sale of its investment in TIMETOACT GROUP to H.I.G. Capital. TIMETOACT GROUP, based in Cologne, specialises in IT services for enterprise clients including cloud platforms and digital solutions. Under Equistone's ownership since 2021, TIMETOACT executed an ambitious buy-and-build strategy, acquiring eleven companies to expand its capabilities and market presence, especially in the DACH region and into the US market. As a result, TIMETOACT's revenues burgeoned from €115 million in 2020 to over €360 million in 2024. Equistone facilitated operational enhancements including IT system consolidation and post-merger integration processes. The transaction, which requires regulatory approval, represents Equistone's twelfth exit from its Fund VI and contributes to a DPI of 1.1x. Notably, Lincoln International, Latham & Watkins, Deloitte, EY, Boston Consulting Group and McDermott Will & Emery provided their advisory expertise in the transaction.
Sectors
- Private Equity
- IT Services
- Investment and M&A Advisory
Geography
- Germany – TIMETOACT GROUP is headquartered in Cologne, Germany, indicating the geographical focus of its operations.
- United States – TIMETOACT's expansion strategy included entering the US market, broadening its geographical footprint.
Industry
- Private Equity – Equistone Partners Europe, a private equity firm, was involved in the sale of TIMETOACT GROUP, highlighting activity in the private equity market.
- IT Services – TIMETOACT GROUP is a provider of IT services, including cloud platforms and digital solutions for enterprise clients.
- Investment and M&A Advisory – Several advisory firms including Lincoln International, Latham & Watkins, Deloitte, and others, participated in advising the deal.
Financials
- €360 million – The projected annual revenue of TIMETOACT GROUP in 2024.
- €115 million – The annual revenue of TIMETOACT GROUP in 2020.
- 2.8bn – Fund VI size from which Equistone is exiting its investment in TIMETOACT GROUP.
- 1.1x – DPI (distributions to paid-in capital) achieved by Fund VI after the transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Equistone Partners Europe | Seller | Company | A mid-market private equity firm that sold its investment in TIMETOACT GROUP. |
| TIMETOACT GROUP | Target Company | Company | A leading IT services provider specialising in cloud platforms and digital solutions. |
| H.I.G. Capital | Buyer | Company | A global alternative investment firm acquiring TIMETOACT GROUP. |
| Lincoln International | M&A Advisor | Company | Acted as the M&A advisor in the transaction process. |
| Latham & Watkins | Legal Advisor | Company | Provided legal advisory services for the transaction. |
| Deloitte | Financial Advisor | Company | Offered financial advisory services in the deal. |
| EY | Tax Advisor | Company | Provided tax advisory services during the transaction. |
| Boston Consulting Group | Commercial Advisor | Company | Offered commercial advice related to the deal. |
| McDermott Will & Emery | Antitrust Advisor | Company | Provided antitrust advisory services for the transaction. |
| Moritz Treude | Partner | Person | Partner at Equistone Partners Europe. |
| Felix Binsack | CEO & Founder | Person | CEO & Founder of TIMETOACT GROUP. |
| Frank Fuchs | Co-managing Director | Person | Co-managing director of TIMETOACT GROUP. |