28 July 2023 Press releases

GvW advises on the sale of Atlassian Platinum and Enterprise Solution Partner STAGIL GmbH to TIME-TOACT GROUP

GvW Graf von Westphalen has advised the shareholders of STAGIL GmbH on the sale of the company to TIMETOACT GROUP, a portfolio company of funds advised by Equistone Partners Europe, as well as former STAGIL managing director Björn Frauen on the investment in TIMETOACT GROUP. The contracting parties agreed not to disclose details of the transaction.

STAGIL GmbH is one of the largest Atlassian Platinum and Enterprise Solution Partners in Germany. The company, with locations in Germany and the USA, supports teams from diverse industries, of various sizes and areas around Atlassian products such as Jira, Confluence and Bitbucket.

As a result of the acquisition of STAGIL GmbH, TIMETOACT GROUP, with its own Atlassian consulting portfolio catworkx, rises to become one of the most important Atlassian consulting firms. In addition to catworkx, TIMETOACT GROUP, which has more than 1,200 employees at around 20 locations worldwide, also includes several other IT companies that specialize in high-quality IT services for high-end medium-sized businesses, corporations and the public sector.

The shareholders of shareholders of STAGIL GmbH were advised on this transaction byTitus Walek, Alexander Metz (both M&A), Karsten Kujath (employment law), Dr Frank Tschesche, Andreas Schmittknecht (both tax law) and Dr Joachim Mulch (IP).

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