Shearman And Sterling

News May 14, 2021

Equistone’s Acquisition Financing of TIMETOACT GROUP

Shearman & Sterling advised funds advised by Equistone Partners Europe (Equistone) on the financing of the acquisition of a majority stake in TIMETOACT GROUP, a leading 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, CLOUDPILOTS, edcom, GIS, IPG, novaCapta, synaigy, TIMETOACT and X-INTEGRATE. The group offers its clients a comprehensive range of IT service solutions in the area of digital workplace, process automation & optimisation, business intelligence, identity & access management as well as customer experience.

Equistone is one of the most active European investment firms with a team of more than 40 investment professionals in seven offices in Germany, Switzerland, the Netherlands, France and the United Kingdom. Equistone invests in established mid-sized businesses with favorable market position, above-average growth potential and enterprise values of between €50 million and €500 million.

The Shearman & Sterling finance team regularly advises Equistone and its portfolio companies on financing matters, most recently on the financing of the acquisitions of Kusters Beheer B.V.

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