UNQUOTE

GERMANY - Auctus Management makes 18x money on Time Partner

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Auctus Management has exited a majority share in its temporary recruitment platform Time Partner to Investcorp for approximately EUR 250m. The financial investor made 18x its invested capital which it began building in 2004, yielding EUR 100m from the sale.

With backing from Auctus Time Partner has successfully completed and integrated nine acquisitions of staffing services firms since 2004. Auctus Management retains a minority stake in the company and will continue to advise on the operational development of the platform in future.
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