WTS advises KKA Partners on the acquisition of Cho-Time Group companies

WTS, a global full-service provider of tax, financial and deal advisory, has advised the private equity investor KKA Partners from Berlin on the acquisition of a majority stake in the Cho-Time Group companies with multiple locations in Germany and Greece. The WTS team, which is specialised in private equity transactions, advised on the financial and tax aspects.

The private equity investor KKA Partners, with SSF Sales & Service Factory GmbH (SSF for short), has founded a new investment platform with which SSF, as investor and partner, aims to further secure the existing cash flows and processes of medium-sized companies with the help of technology deployment. As part of this transaction, SSF, together with the well-known Cho-Time Management, took over the existing majority of the Cho-Time Group companies on 25.11.2022 through a management buy-out. A stronger focus is therefore being placed on the importance of digitisation and employee development.

The Cho-Time Group is a medium-sized service provider for outsourcing services in the customer service & sales sector. The Group has its headquarters in Mönchengladbach and has a total of 1,800 employees at over 15 locations in Germany and abroad. The purpose of the merger and acquisition is to deploy capital and expertise to further professionalise the technologisation of service provision, with the aim of securing the growth and further internationalisation of the Group and continuously improving the quality of services for existing and new customers.

WTS advised on the financial and tax aspects of the transaction with its experienced team of private equity specialists. Colleagues from the international WTS Global network contributed their expertise on tax issues in Greece.

The financial due diligence was handled by the Advisory team led by Dirk Spalthoff and Nick Weidemann.

The WTS Munich M&A Tax team led by Dr. Patrick Satish, Simone Rupp and Manuel Tremmel prepared the tax due diligence, a complex tax acquisition structure with management re-investment, and negotiated the tax clause in the SPA. Greek tax advisory services were provided by the Greek audit services company Accounting Solutions from the WTS Global network.

Advisory Teams

Financial Due Diligence WTS Advisory:

Dirk Spalthoff

Nick Weidemann

WTS Tax Advisors:

Tax advisor Dr. Patrick Satish

Tax advisor/lawyer Simone Rupp

Manuel Tremmel

Other advisors involved:

Jenny Panou (Accounting Solutions - WTS Global Network)

Aphrodite Vogdanidou (Accounting Solutions - WTS Global Network)