Barclays Private Equity acquires IN tIME Express Logistik
Barclays Private Equity (‘BPE’) has acquired a majority stake in the Hanover-based courier and express service provider IN tIME Express Logistik GmbH (‘IN tIME’ or ‘the Company’) from ECM Equity Capital Management (‘ECM’) for an undisclosed sum. The current management team is reinvesting as part of the transaction and will retain a significant stake in the Company. ECM became the majority shareholder in IN tIME in 2007. The transaction will further strengthen the position of IN tIME as one of the European market leaders in time-critical door-to-door and express delivery services. The investment will enable the Company to expand its presence in Europe and exploit growth potential via strategic acquisitions.
- Barclays Private Equity acquires specialist in time-critical door-to-door and express delivery services provider
- Continued pursuit of growth strategy through bolt-on acquisitions and geographical expansion
- Secondary buy-out of majority stake from ECM Equity Capital Management
The Company was founded in 1983 as Direkt-Kuriere Schmidt & Busch GmbH and has operated as IN tIME Express Logistik GmbH since 1987. With sophisticated proprietary technology, customised service and outstanding quality, IN tIME is one of the fastest growing specialists in the European logistics sector. In 2010 the company generated sales of around EUR 100 million with some 400 employees at over 20 sites in Germany, Romania, the Czech Republic, Hungary and Sweden.
“IN tIME is a well-positioned company in a rapidly expanding market. The comprehensive branch network and consistent, central management of all processes places IN tIME in a premium position in the door-to-door delivery service sector,” says Michael H. Bork, Managing Director of Barclays Private Equity Deutschland. “Together with the management team we will continue to pursue the adopted course and press ahead with international geographical expansion.”
“With its many years' experience in expanding mid-sized companies, Barclays Private Equity is the ideal strategic partner for us. Together we want to increase our sales significantly as well as expand the number of staff and sites.” says Gerd Röttger, Executive Associate of IN tIME.
The BPE team responsible for this investment consists of Michael H. Bork, Oskar Schilcher and Alexis Milkovic.
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