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CMS Hasche Sigle advises ECM on acquiring majority holding in courier company IN tIME

18/06/2007

In a management buy-out (MBO) the equity fund administered by ECM Equity Capital Management (ECM) gained a shareholding in IN tIME Direkt-Kuriere Transport GmbH. Founder and majority shareholder Dieter Bartels has sold his share to the present management team Torsten Prelle, Gerd Röttger und Eckhard Schaede.


A team from CMS Hasche Sigle led by Dr Martin Bell, partner in the Frankfurt office, advised ECM on the majority holding. It was agreed that the purchase price and other details of the transaction would remain confidential. For ECM this is the first investment made by German Equity Partners III a fund founded in September 2006 with commitments to provide capital amounting to 250 million euros.

ECM is an independent investment company, based in Frankfurt am Main. ECM manages the equity capital fund German Equity Partners which has an aggregate equity capital of more than 450 million euros. The main focus of investments is in well-established, medium-sized companies. The preferred level of turnover is between 25 and 500 million euros. The funds managed by ECM typically invests in management buy-outs of companies. The investments made are as a result of succession arrangements in medium-sized companies on the one hand and on the other hand as a result of the sale of fringe activities by large groups of companies.

IN tIME, domiciled in Hanover, is one of the leading companies offering direct and express transport throughout Europe. The company employs 230 employees at 15 locations in Germany, Hungary and Sweden. This network is currently being expanded. In 2006 IN tIME Direkt-Kuriere achieved a turnover of approx. 46 million euros.

Advisor to ECM Equity Capital Management GmbH:
CMS Hasche Sigle

Dr Martin Bell ( Private Equity, lead partner)
Dr Joachim Dietrich, (Private Equity)
Dr Oliver Wolfgramm (Private Equity)
Dr Anja Hasselmann – Thiede (Financing)
Dr Markus Rasner (M&A, Private Equity)
Anja Dombrowsky (Employment)
Dr Jan Geert Meents (IT)
Dr Karsten Hilmer (M&A)

Contact CMS Hasche Sigle:

Dr Martin Bell
Tel.:+49 (0) 69 / 7 17 01-316
Email: Martin.Bell@cms-hs.com

About CMS Hasche Sigle:

CMS Hasche Sigle is one of the leading German law firms with more than 480 lawyers. It covers the entire area of commercial law and provides legal advice to major German and international companies from a wide spectrum of industry. It has offices in Berlin, Cologne, Duesseldorf, Frankfurt, Hamburg, Leipzig, Munich, Stuttgart, Chemnitz, Dresden, Brussels, Belgrade, Moscow and Shanghai.

CMS Hasche Sigle is a partnership of lawyers and tax consultants; for register details / list of partners see www.cms-hs.com.

CMS Hasche Sigle is a member of CMS, an alliance of leading independent European law firms. With over 595 partners, a total of 2,000 lawyers and tax consultants and around 4,200 support staff we advise our clients at commercial locations in 48 business centres in Europe and further afield on legal and tax issues.

In addition to CMS Hasche Sigle, the following firms are also members of the CMS alliance: CMS Adonnino Ascoli & Cavasola Scamoni (Italy), CMS Albiñana & Suárez de Lezo (Spain), CMS Bureau Francis Lefebvre (France), CMS Cameron McKenna LLP (Great Britain), CMS DeBacker (Belgium), CMS Derks Star Busmann (the Netherlands), CMS von Erlach Henrici (Switzerland) and CMS Reich-Rohrwig Hainz (Austria). CMS has 58 offices in 25 countries around the world.

For further information on CMS Hasche Sigle see www.cms-hs.com and on the CMS alliance see http://www.cmslegal.com.