AUCTUS Capital Partners has sold TimePartner to The House of HR
AUCTUS Capital Partners and Management have sold 100% of the business of TimePartner GmbH (“TimePartner” or the “Company”) to The House of HR. TimePartner is the a top-10 German provider of staffing solutions. This marks Lincoln International’s 17th temporary staffing transaction in the past 10 years. The Company has built a market-leading competence and relationship basis in the industry, and continues focusing on this dynamic HR services segment. All transactions are executed by an experienced and long-term team, which collaborates with its global offices around the globe.
“The House of HR has a strong entrepreneurial spirit that fits with our culture and our ambition,” said Sven Kilian, CEO of TimePartner. “TimePartner’s business has come a long way with a successful growth story in the last three years. Today it is fundamentally strong and well positioned to join The House of HR and take this next step in the company’s evolution. The company’s progress and recent success is a testament to its strong leadership team and dedicated employees. We are proud of everything TimePartner has accomplished under our management.”
Lincoln International acted as the exclusive financial advisor to AUCTUS and Management and supported all aspects of the transactions including the process preparation, due diligence and contract negotiations.
About AUCTUS
AUCTUS Capital Partners (Auctus) is a leading private equity firm for the German-speaking SME sector with more than Euro 500 million of assets under management, and a strong record in investments in temporary staffing for more than a decade.
About TimePartner
TimePartner operates via a structure of four business segments covering diverse industries and has an experienced management team with a proven track record and a nationwide presence with nearly 120 branches and more than 7,500 external employees. TimePartner has grown organically by 10% annually in recent years by increasing sales of existing branches and opening new branches. It offers an integrated services platform with custom-fit and flexible staffing solutions, including temporary staffing, personnel placement and provision of temporary workers as well as on-site management for selected large customers.
About The House of HR
The House of HR operates across the entire landscape of HR solutions, with business units in temp–to–perm jobs (Accent Jobs); international temporary staffing (Covebo); payroll (Accent Payroll); secondment of engineers and highly skilled technicians (Logi-technic and HCG); engineering and consulting (Abylsen & Continu); professional staffing, training and HR consultancy (Peak6). The House of HR operates in 10 countries with plans to expand further across Europe. The House of HR has approximately 1,500 employees and achieved a consolidated turnover of Euro 650 million in 2015. The House of HR is owned by Paris-based Naxicap Partners.
Meet our Senior Team
I am enthusiastic about creating sustainable growth and the highest value for our clients and strive to leave a positive footprint beyond any successful M&A transaction.
Friedrich Bieselt
Managing Director & Head of Business Services, Europe
Frankfurt
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