Equistone has sold IN tIME to Super Group
Funds managed by Equistone Partners Europe Limited (“Equistone”) have sold their majority holding in IN tIME Express Logistik GmbH (“IN tIME”) to South Africa-based Super Group.
IN tIME, headquartered in Hanover, is one of the leading providers of direct and express transports across Europe. In 2014, IN tIME generated sales of Euro 140 million. The company has more than 20 offices in Germany, Sweden, Hungary, Romania, the Czech Republic and Poland with a combined employee base of more than 500. IN tIME guarantees collection of all deliveries within 60 minutes to its customers in Germany, and within three hours for the rest of Europe. Key customers include leading automotive OEMs and suppliers, as well as leading international logistics groups and customers from the electronics, mechanical engineering and chemical as well as pharmaceutical industries. IN tIME has developed proprietary dispatching software for the optimization of transport planning and capacity utilization.
Equistone is one of Europes leading investors in mid-market buyouts. The company operates across France, Germany, Switzerland and the U.K., investing as a strategic partner alongside management teams. Equistone aims to invest in businesses with enterprise values of between Euro 50 and 300 million.
Super Group is a South Africa-based international logistics business and offers solutions for supply chain management. Listed on the Johannesburg Security Exchange, Super Group operates in several African countries, as well as Australia, New Zealand and the U.K. With the acquisition of a majority equity interest in IN tIME, Super Group enters into the European market for time-critical delivery services and also expands its supply chain business with clients from its core target customer industries.
Lincoln International acted as exclusive financial advisor to the shareholders of IN tIME for this transaction and initiated a competitive bidding process with selected German and international investors.
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