Munich / Cologne, Germany, 06 May 2021 – Funds advised by Equistone Partners Europe (“Equistone”) have acquired a majority stake in TIMETOACT GROUP, a leading IT consultancy and services provider for medium-sized businesses, large cooperations and public sector institutions, based in Cologne, Germany. With Equistone, TIMETOACT GROUP shareholders Felix Binsack and Hermann Ballé have brought a partner on board who will continue to support TIMETOACT GROUP's already successful buy-&-build strategy with both know-how and capital. The two will continue to lead the company as managing directors and retain a significant stake, while Frank Fuchs will join the management team as CFO. The financial terms of the transaction are undisclosed and remain subject to approval from the relevant competition authorities.
As part of the deal, Felix Binsack and Hermann Ballé together with other members of the management team will retain a significant shareholding of close to 50 percent. The group’s management team and Equistone have been able to work together to establish a joint growth strategy for the partnership in a bilateral decision-making process. Key factors for this growth plan will be the continuation of a targeted buy-&-build strategy to strengthen the group’s service portfolio, and accessing new market segments.
