House of HR acquires TimePartner group


Heuking Kühn Lüer Wojtek advised HR management group House of HR on the acquisition of the German TimePartner group.

Managing partners Sven Kilian and Thorsten Droste join the management team in taking out holdings in the new group. The purchase price has not been disclosed.

TimePartner Group operates a network of 120 offices in Germany and generated revenues of some EUR 260 million in 2015. The group has 370 employees and more than 7,500 people working as temporary staff. TimePartner Group is divided in 4 business segments covering diverse industries. It offers an integrated services platform with custom-fit and flexible staffing solutions, including temporary staffing, personnel placement and provision of temporary workers and on-site-management for large customers.

House of HR, headquartered in Roeselare, Belgium, is one of the fastest growing European companies in the field of temporary employment and recruitment. House of HR Group, including TimePartner, expects consolidated sales of more than one billion euros by the end of 2016. With Abylsen, Accent, Continu, Covebo, Logi-Technic, Peak6, tec, Zaquensis, and TimePartner, House of HR is pursuing a multi-brand strategy.

The acquisition moves House of HR up to number seven in Germany of specialized recruitment and temporary employment agencies. It is the company’s objective to be among the top five providers in Germany by 2020. The takeover of TimePartner is already House of HR’s second acquisition in Germany after having taking over temporary employment agency Zaquensis in March 2016.

Heuking Kühn Lüer Wojtek has advised House of HR with at team including Peter Ladwig (Picture), Hermann Ali Hinderer, Alexander Schott, Lena Ziegler, Sarah Dupont (M&A), Klaus Weinand-Härer, Claudia Rüggeberg (Tax), Michael Neises, Tobias Riemenschneider, Christian Staps (Banking & Finance), Frederick Wiemer, Hamburg, Rainer Velte, Michael Vetter (Antitrust), Martin Reufels, Kerstin Deiters, Sascha Schewiola, Bernd Weller (Employment), Juliane Reichelt, Karen Ishola (Real Estate), Markus Klinger (IP&IT), Nicole Armingeon (Public Law), Stefan Jöster and Titus Ludwig (Banking & Finance).

AFR Rechtsanwälte has advised the Seller with Florian Aigner and Ronald Kagan (M&A). Buntscheck has provided Antitrust legal Advise with Martin Buntscheck.

P+P Pöllath + Partners has advised the Management of TimePartner (Sven Kilian and Thorsten Droste) with Benedikt Hohaus and Tim Kaufhold.

Involved fees earner: Martin Buntscheck – Buntscheck; Florian Aigner – AFR Rechtsanwälte; Ronald Kagan – AFR Rechtsanwälte; Benedikt Hohaus – P+P Pöllath + Partners; Tim Kaufhold – P+P Pöllath + Partners; Peter Ladwig – Heuking Kühn Lüer Wojtek; Hermann Ali Hinderer – Heuking Kühn Lüer Wojtek; Alexander Schott – Heuking Kühn Lüer Wojtek; Lena Ziegler – Heuking Kühn Lüer Wojtek; Sarah Dupont – Heuking Kühn Lüer Wojtek; Klaus Weinand-Härer – Heuking Kühn Lüer Wojtek; Claudia Rüggeberg – Heuking Kühn Lüer Wojtek; Michael Neises – Heuking Kühn Lüer Wojtek; Tobias Riemenschneider – Heuking Kühn Lüer Wojtek; Christian Staps – Heuking Kühn Lüer Wojtek; Stefan Jöster – Heuking Kühn Lüer Wojtek; Titus Ludwig – Heuking Kühn Lüer Wojtek; Frederick Wiemer – Heuking Kühn Lüer Wojtek; Rainer Velte – Heuking Kühn Lüer Wojtek; Michael Vetter – Heuking Kühn Lüer Wojtek; Martin Reufels – Heuking Kühn Lüer Wojtek; Kerstin Deiters – Heuking Kühn Lüer Wojtek; Sascha Schewiola – Heuking Kühn Lüer Wojtek; Bernd Weller – Heuking Kühn Lüer Wojtek; Juliane Reichelt – Heuking Kühn Lüer Wojtek; Karen Ishola – Heuking Kühn Lüer Wojtek; Markus Klinger – Heuking Kühn Lüer Wojtek; Nicole Armingeon – Heuking Kühn Lüer Wojtek;

Law Firms: Buntscheck; AFR Rechtsanwälte; P+P Pöllath + Partners; Heuking Kühn Lüer Wojtek;

Clients: TimePartner Group GmbH; Sven Kilian; Thorsten Droste; House of HR ;

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