Global law firm White & Case LLP has advised Super Group Limited (Super Group) on its acquisition of the IN tIME group from funds advised by Equistone Partners Europe, in a deal that values the company at €153.5 million.
Super Group is a transport logistics and mobility group listed on the Johannesburg Securities Exchange that provides end-to-end supply chain solutions, fleet management and dealership services.
IN tIME is headquartered in Germany with branches across Germany, Sweden, Hungary, Romania, the Czech Republic and Poland, and operates across a further 13 countries in Europe. It operates in the niche logistics sector of time-critical delivery services, predominantly servicing the automotive industry.
The acquisition further expands Super Group's geographical footprint in Europe and gives it access to proprietary dispatching software developed by IN tIME. The acquisition will in part be funded by the proceeds of a rights offering in South Africa and in part by debt facilities with European banks.
The White & Case team that advised Super Group was led by partner Stefan Koch with the support of local partner Matthias Kiesewetter, both M&A, and further included partner Tom Schorling, who advised on acquisition financing and Markus Althoff, who advised on management participation. The broader team consisted of lawyers based in Frankfurt, Hamburg, Stockholm, Warsaw and Prague and further included, partner Börries Ahrens (Hamburg), local partners Daniel Müller (Frankfurt), Hendrik Röger and Jessica Hallermayer (Hamburg), associates Sven-Christoph Riepke (Hamburg), Seiran Sinjari (Stockholm), Malgorzata Mroczek (Warsaw), Petr Topka (Prague), Marc Schuba and Hugo Leite (Frankfurt).
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