Reference project in the IT sector
WINTERGERST assists the TIMETOACT GROUP with the implementation of various treasury projects
TIMETOACT GROUP GmbH is a leading IT company with over 1,000 employees across 16 locations in Germany, Austria, and Switzerland, specializing in the modernization and integration of IT applications for upper-mid-market companies, large corporations, and public institutions.
Debt Advisory
EUR > 200 million
2023
IT
Baseline
TIMETOACT GROUP GmbH is a leading IT company with over 1,000 employees across 16 locations in Germany, Austria, and Switzerland, specializing in the modernization and integration of IT applications for upper-mid-market companies, large corporations, and public institutions. Since 2007, the company has acquired over 20 businesses and pursues a consistent buy-and-build strategy. In May 2021, the group was acquired by the private equity firm EQUISTONE as part of a management buyout.
Challenge
As part of its ongoing growth strategy and in response to the increasing complexity resulting from the large number of group companies, TIMETOACT has decided to reorganize its financial structures and realize efficiency gains.
Solution
To improve cash management efficiency, a Germany-wide cash pooling system was implemented. WINTERGERST assisted in selecting the cash pool bank as well as in designing and implementing the cash pool. To hedge against interest rate and currency fluctuation risks, WINTERGERST developed a hedging strategy and supported TIMETOACT in implementing the processes for executing derivative transactions.
„Great thanks go to the competent team at Wintergerst for their extremely reliable and trustworthy input and professional support with our treasury projects.”
Frank Fuchs
Managing Director of TIMETOACT GROUP