Equistone sells TIMETOACT GROUP to H.I.G. Capital

Equistone Partners Europe (“Equistone”), one of Europe’s most established mid-market private equity investors, today announces the realisation of its investment in TIMETOACT GROUP, a leading provider of IT services for upper medium-sized companies, corporations and public institutions, to H.I.G. Capital, a leading global alternative investment firm.

TIMETOACT GROUP, headquartered in Cologne, is a leading IT services provider, specialising in cloud platforms and digital solutions for enterprise, Fortune 1000 and public sector clients. The business, which has over 1,400 employees and a comprehensive portfolio of software and consulting services, has grown its annual revenues from €115 million in 2020 to more than €360 million in 2024.

Since Equistone invested in the business in 2021, TIMETOACT GROUP has acquired eleven businesses as part of an international buy-and-build strategy focused primarily on building out its service offering, consolidating its position in the DACH region and expanding into the US market. Equistone has also supported a number of operational changes, including the consolidation of all IT systems across the group, the implementation of dedicated M&A and operational excellence teams, as well as a robust post-merger integration process.

Moritz Treude, Partner at Equistone, said: “TIMETOACT GROUP’s impressive growth over the past three years has been founded on an ambitious growth strategy that we have executed in close partnership with an exceptional management team. The eleven add-on acquisitions Equistone has supported, alongside the operational changes we have helped implement, mean the business is well-positioned for future growth.”

Felix Binsack, CEO & Founder of TIMETOACT GROUP, said: “TIMETOACT GROUP has had tremendous success, growing revenues and earnings more than threefold in just three-and-a-half years – thanks to Equistone’s outstanding support and financial backing.”

Frank Fuchs, co-managing director of TIMETOACT GROUP, added: “We had a wonderful partnership with Equistone’s team who supported us until it became time to hand over to the next financial sponsor. In an intensive and competitive process, we found our ideal partner in H.I.G. Capital to support our future growth plans.”

The agreed transaction is subject to regulatory approval. This transaction represents Equistone’s twelfth exit from its €2.8bn Fund VI and means the fund has now achieved a DPI of 1.1x with 22 companies remaining in the portfolio.

The Equistone funds were advised on this transaction by Lincoln International (M&A), Latham & Watkins (Legal), Deloitte (Financial), EY (Tax), Boston Consulting Group (Commercial) and McDermott Will & Emery (Antitrust).