TIMETOACT GROUP takes over PKS Software

Munich — The funds advi­sed by Equis­tone Part­ners Europe (“Equis­tone”) and the port­fo­lio company TIMETOACT GROUP, a leading provi­der of IT services for medium-sized compa­nies, corpo­ra­ti­ons and public insti­tu­ti­ons in Germany, Austria and Switz­er­land, have acqui­red the soft­ware trans­for­ma­tion expert PKS Soft­ware GmbH. Shear­man & Ster­ling advi­sed funds advi­sed by Equis­tone Part­ners Europe (“Equis­tone”) and TIMETOACT GROUP on the finan­cing of the add-on acqui­si­tion of PKS Soft­ware GmbH.

The long-stan­­ding part­ner­ship between the two compa­nies will now be contin­ued and expan­ded under the umbrella of the TIMETOACT GROUP. The current PKS mana­ging direc­tors Heidi Schmidt and Roland Zurawka will conti­nue to manage the company. In addi­tion, Heidi Schmidt will become a share­hol­der in TIMETOACT GROUP.

The TIMETOACT GROUP, head­quar­te­red in Colo­gne, Germany, curr­ently compri­ses eight specia­li­zed corpo­rate brands at 16 loca­ti­ons in Germany, Austria and Switz­er­land: ARS, CLOUDPILOTS, edcom, IPG, nova­Capta, synaigy, TIMETOACT and X‑INTEGRATE.

Foun­ded in 1991, PKS specia­li­zes in the custo­­mer-speci­­fic further deve­lo­p­ment of busi­­ness-criti­­cal indi­vi­dual soft­ware. The focus is on support­ing compa­nies in opti­mi­zing grown soft­ware land­scapes in such a way that they can colla­bo­rate with their custo­mers and suppli­ers effi­ci­ently, in line with the times and without errors.

The Shear­man & Ster­ling team included part­ner Winfried M. Carli and asso­ciate Daniel Wagner (both Munich-Finance).

Respon­si­ble for the tran­sac­tion on the part of TIMETOACT are Frank Fuchs and Chris­tian Koch. TIMETOACT was advi­sed on the tran­sac­tion by AC CHRISTES & PARTNER (Finan­cial & Tax) and de Ange­lis Attor­neys at Law (Legal).

The PKS share­hol­ders were advi­sed on the tran­sac­tion by Steu­er­erkanz­lei Sera­fini (Finan­cial & Tax) and Geiß­ler Rechts­an­wälte (Legal).

About Shear­man & Sterling
Shear­man & Ster­ling is an inter­na­tio­nal law firm with 25 offices in 13 count­ries and appro­xi­m­ately 850 lawy­ers. In Germany, Shear­man & Ster­ling has offices in Frank­furt and Munich. The firm is one of the inter­na­tio­nal market leaders in advi­sing on complex cross-border tran­sac­tions. World­wide, Shear­man & Ster­ling prima­rily advi­ses inter­na­tio­nal corpo­ra­ti­ons and large natio­nal compa­nies, finan­cial insti­tu­ti­ons, and large mid-sized compa­nies. www.shearman.com.