P+P advises Equistone on the sale of IN tIME
Funds managed by Equistone Partners Europe sold their majority stake in IN tIME Express Logistik GmbH to Super Group Limited, based in South Africa. The management remains involved.
In September 2011, Equistone acquired a majority stake in IN tIME by way of a secondary buyout. The purchase price was not disclosed. The transaction is scheduled to be completed in autumn, after the approval by the Central Bank of South Africa with respect to foreign exchange regulations.
IN tIME Express Logistik GmbH, headquartered in Isernhagen, Lower Saxony, is one of the leading suppliers of direct and express transports throughout Europe. Since the takeover by Equistone in the autumn of 2011, the annual turnover of IN tIME of EUR 105 million (2010) and approximately 400 employees have increased to EUR 140 million (2014) and approximately 550 employees.
P+P + Pöllath + Partners advised Equistone on the sale with the following interdisciplinary team:
- Dr. Andrea von Drygalski (partner, lead, PE/M&A, Munich)
- Dr. Ralf Bergjan (partner PE/M&A, Munich)
- Dr. Barbara Koch-Schulte (partner, management participation, Munich)
- Dr. Benedikt Hohaus (partner, management participation, Munich)
- Alexander Pupeter (partner, tax, Munich)
- Dr. Tim Kaufhold (counsel, PE/M&A, Munich)
- Michael Schumacher (senior associate, PE/M&A, Frankfurt)
- Stefan Benz (associate, PE/M&A, Munich)
- Andrea Beilborn (associate, PE/M&A, Munich)
- Lorena Joana Echarri (associate, PE/M&A, Munich)
