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Announced

Completed

Equistone completed the acquisition of a majority stake in TIMETOACT GROUP.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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IT Services: Other

Acquisition

Single Bidder

Germany

Friendly

Private

Cross Border

Completed

it consulting

Private Equity

software services

Majority

Synopsis

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Equistone Partners, a private equity firm, completed the acquisition of a majority stake in TIMETOACT GROUP, a provider of IT consultancy and services. Financial terms were not disclosed. "We were looking for a reliable and financially strong partner, who can support us strategically during future growth phases, both organically and through acquisitions, while taking into account our unique company culture. With Equistone, we have found such a partner," Felix Binsack, TIMETOACT GROUP CEO.

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