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published
SEPTEMBER 05,
2011 |
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CMS
Hasche
Sigle
advises
ECM
on
sale
of
IN
tIME
Group |
|
ECM Equity Capital Management (ECM) has sold
IN tIME, a provider of logistics services, to Barclays
Private Equity through a secondary buyout. A number of
conditions need to be met in order for the purchase
agreement to become effective, such as approval by the
relevant competition authorities. The parties have agreed
not to disclose other terms of the agreement, including the
purchase price.
A team led by Dr. Martin Bell and Dr. Markus Rasner advised
ECM on a broad range of matters relating to the sale.
Based in Hanover, the IN tIME Group is one of the leading
providers of time-critical delivery services (door-to-door
and express). The logistics company operates throughout
Europe and currently has 16 branches in Germany, with
subsidiaries in Romania, Sweden and Hungary. In 2010 IN tIME
had roughly 400 employees and generated revenues of
approximately €100m. Among its most important customers are
well-known automobile manufacturers and automotive
suppliers, as well as leading logistics companies.
In June 2007, a team also led by Dr. Martin Bell and Dr.
Markus Rasner provided support to ECM during the management
buyout at In tIME, which resulted in ECM acquiring a
majority stake in the company through its private equity
fund German Equity Partners III. The company has since
continued to go from strength to strength. The first add-on
acquisition supported by ECM came in July 2008 when IN tIME
merged with its competitor RS Logistik AG. The same team
from CMS Hasche Sigle was also on hand to advise IN tIME
during the acquisition.
ECM is an independent investment company based in Frankfurt
am Main, Germany, which manages the private equity funds
German Equity Partners. The total commitments to these funds
amount to more than €450 m. The funds primarily invest in
well-established, medium-sized companies. Typical
acquisition targets are companies with annual revenues of
€25m to €500m.
CMS Hasche Sigle Advisors:
Dr. Martin Bell, Private Equity, Lead Partner
Dr. Markus Rasner, Private Equity, (Lead)
Stefanie Zugelder, Private Equity
Dirk Baukholt, Private Equity
Stefan Lehr, Competition Law
Anja Dombrowsky, Employment Law
Dr. Anja Hasselmann-Thiede, Finance
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