Engagement — Platform Due Diligence
Code & Co. provides Tech & Product Due Diligence to H.I.G. Capital ahead of its investment in TIMETOACT Group, a leading IT services provider specializing in cloud platforms and digital solutions.
H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm managing $67 billion in capital, has announced that one of its affiliates has entered into a definitive agreement for a strategic investment in TIMETOACT GROUP (“TIMETOACT” or the “Company”). TIMETOACT’s founders and key leadership team, including Felix Binsack, Hermann Ballé, and Frank Fuchs, will reinvest alongside H.I.G., maintaining a significant ownership stake and reinforcing their commitment to the Company’s continued growth.
Scope of Work
Code & Co. advised H.I.G. on Tech & Product Due Diligence and conducted a detailed tech and product review of TIMETOACT / PKS’ highly established code analysis product, explain, “the digital mastermind for business-critical legacy applications”.
About TIMETOACT Group
TIMETOACT is a leading IT services provider, specializing in cloud platforms and digital solutions for enterprise Fortune 1000 and public sector clients. The Company drives digital innovation and operational excellence by advising on IT strategy, accelerating cloud transformation, and leveraging AI, data, software, and system engineering to develop cutting-edge solutions. As a strategic partner of AWS, Atlassian, Google, Microsoft, IBM, and SAP, TIMETOACT helps customers maximize the value of their cloud platforms. For innovative customers, TIMETOACT designs and implements digital business models to unlock new market opportunities. Additionally, it operates and continuously optimizes cloud platforms and digital solutions to ensure long-term success. TIMETOACT employs a team of more than 1,400 professionals across 22 cities in Germany, Austria, and Switzerland, as well as service hubs in Central Europe and Southeast Asia and subsidiaries in Spain and the USA. The Company generated over €360 million revenues in 2024. For more information, visit timetoact-group.com.
About H.I.G. Capital
H.I.G. is a leading global alternative investment firm with $67 billion of capital under management.* Based in Miami, and with offices in Atlanta, Boston, Chicago, Los Angeles, New York, and San Francisco in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, Dubai, and Hong Kong, H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach. Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The Firm’s current portfolio includes more than 100 companies with combined sales in excess of $53 billion. For more information, please refer to the H.I.G. website at hig.com.
*Based on total capital raised by H.I.G. Capital and affiliates.