Weiderer Group sells personnel services division to TimePartner

Cate­gory: Deals
23. Janu­ary 2018

Hamburg/Frankfurt - Weide­rer HoldingGmbH, based in Deggen­dorf, Germany, has sold its person­nel services divi­sion to the TimePart­ner Group, one of Germany’s leading person­nel service provi­ders. The sale compri­sed all shares held by the Weide­rer Group in Aartos Perso­nal­ser­vice, Weide­rer Perso­nal­dienste and opTEAMum Perso­nal­dienst­leis­tun­gen. The parties have agreed not to disc­lose the sales price. The German Fede­ral Cartel Office has alre­ady appro­ved the transaction.

Weide­rer was compre­hen­si­vely advi­sed on the tran­sac­tion by a Bryan Cave M&A team in Hamburg and Frank­furt, led by part­ner Dr. Michael Leue and coun­sel Dr. Huber­tus Schröder.

With the sale, the Weide­rer Group is with­dra­wing from the employee leasing sector after 26 years in order to focus enti­rely on acti­vi­ties in the deve­lo­p­ment of indus­trial proper­ties and the opera­tion of solar plants. In total, more than 1,000 exter­nal employees will be employed in the dive­s­ted busi­ness. The total reve­nue of the compa­nies in the tempo­rary staf­fing sector that are part of Weide­rer Holding GmbH amoun­ted to appro­xi­m­ately €30 million in fiscal year 2016, and an increase to around €36 million is expec­ted for 2017. The dive­s­ted compa­nies operate with a regio­nal focus in Bava­ria and also operate recruit­ment sites in the Czech Republic.

TimePart­ner is a leading German person­nel service provi­der with appro­xi­m­ately 8,000 employees and around 100 bran­ches nati­on­wide. TimePart­ner has been part of the Euro­pean tempo­rary staf­fing group House of HR, based in Roesel­are, Belgium, since 2016. TimePart­ner was legally advi­sed by Heuking Kühn Lüer Wojtek under the lead of Stutt­gart part­ner Dr. Peter Ladwig.

Advi­sor Weide­rer Holding GmbH: Bryan Cave Hamburg
Dr. Michael Leue, Part­ner (Lead Part­ner, Corpo­rate, M&A)
Dr. Huber­tus Schrö­der, Coun­sel (Lead Part­ner, Corpo­rate, M&A)
Dr. Maxi­mi­lian Karacz, Asso­ciate (Corpo­rate, M&A)
Dr. Martin Lüde­ritz, Coun­sel (Labor Law)
Domi­nik Weiß, Coun­sel (IP)
Bryan Cave Frank­furt: Stefan Skulesch, Of Coun­sel (Tax)

About Bryan Cave LLP
Bryan Cave LLP is one of the leading inter­na­tio­nal law firms with appro­xi­m­ately 900 attor­neys in 25 offices throug­hout the United States, Europe and Asia. The firm advi­ses a wide range of clients from corpo­ra­ti­ons to finan­cial insti­tu­ti­ons and orga­niza­ti­ons to indi­vi­du­als. These include inter­na­tio­nal corpo­ra­ti­ons, large and medium-sized family busi­nesses, part­ner­ships, non-profit orga­niza­ti­ons and start-ups. Based on many years of trustful coope­ra­tion, exten­sive legal expe­ri­ence, inno­va­tive strength and a colla­bo­ra­tive corpo­rate culture, we support our clients in the most important econo­mic and finan­cial markets — with a clear focus on tran­sac­tions, liti­ga­tion and regulation.

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