POELLATH advises management of TIMETOACT GROUP on sale to H.I.G. Capital

H.I.G. Capital (“H.I.G.”), the leading global alternative investment company, has acquired a majority stake in the TIMETOACT GROUP (“TIMETOACT”), a leading provider of IT services for larger mid-sized companies, corporations and public institutions. The sellers are funds advised by Equistone Partners Europe (“Equistone”). In addition to H.I.G., TIMETOACT’s founders and management team, including Felix Binsack, Hermann Ballé and Frank Fuchs, will reinvest with a significant stake, thereby reinforcing their commitment to the company’s future growth. The closing of the transaction is subject to the standard regulatory approvals. POELLATH provided comprehensive legal advice to the management of TIMETOACT, namely Felix Binsack, Hermann Ballé and Frank Fuchs, in connection with the sale.

Cologne-based TIMETOACT is a leading IT service provider specializing in cloud platforms and digital solutions for corporations, Fortune 1000 companies and public sector clients. The company drives digital innovation and operational excellence by providing IT strategy consulting, accelerating cloud transformation, and leveraging AI, data, software, and system engineering to develop cutting-edge solutions. TIMETOACT currently employs more than 1,400 people in 22 cities in Germany, Austria and Switzerland, as well as in service hubs in Central Europe and Southeast Asia, and subsidiaries in Spain and the U.S.

POELLATH advised the management of TIMETOACT, namely Felix Binsack, Hermann Ballé and Frank Fuchs, on all legal matters related to the sale with the following Munich-based team:

• Dr. Benedikt Hohaus (partner, lead, management participation, M&A/PE)
• Dr. Verena Stenzel (associated partner, M&A/PE)