POELLATH advises company founder on sale of majority stake in CHO-TIME Group
CHO-TIME Group offers outsourcing services in customer service and sales at more than 15 German and international locations.
With 1,800 employees, CHO-TIME transforms customer service from a cost factor to a revenue driver.
Founded in 2018, KKA Partners is a Berlin-based private equity firm that invests in leading medium-sized companies in Germany, Austria and Switzerland.
The transaction took place against the backdrop of the company founder’s desire to withdraw from the operational business and to enable active management to participate in the CHO-TIME Group as part of a succession plan. KKA has emerged as the ideal partner to escort the CHO-TIME management in its ambitious growth plans, as well as in the technologization and professionalization of the company to further develop the enormous growth opportunities of the business model.
The company’s founder will remain with the company as a minority shareholder in an advisory capacity.
POELLATH provided comprehensive legal and tax advice to the founder of the CHO-TIME Group with the following Munich team: