Super Group has sold inTime, TLT and a majority stake in LiBCycle to Mutares
inTime Group
inTime Group is a specialized transportation and logistics company, primarily active in time-critical deliveries (inTime) as well as third-party logistics, warehousing and fifth-party logistics consulting (Trans-Logo-Tech). Additionally, the group has entered the high-growth segment of reverse transport flow management for lithium-ion batteries (LiBCycle). inTime Group generated an annual revenue of approximately €115 million in 2024. The main division has undergone significant repositioning adapting to lower automotive and industrial transport volumes.
The Deal
Lincoln International marketed the asset with a focus on strategic investors and opportunity funds, aiming to consolidate the European specialty network and the time-critical road freight sectors. The team generated substantial interest from both investor groups in a competitive auction environment, achieving an excellent outcome for SuperGroup by finding the right partner to complete the ongoing repositioning and return inTime to profitable growth.
Our Perspective
Dirk Engelmann, Lincoln International Managing Director, commented, “Our orchestration of the successful competitive auction process further illustrates Lincoln International’s expertise in transportation and logistics, and it adds to the firm’s recent string of successful sell-side transactions in both the specialty networks and the contract logistics segments.”
Super Group Plc
Super Group provides logistics and mobility solutions across sub-Saharan Africa, the UK and Europe. Headquartered in South Africa and listed on the Johannesburg Stock Exchange, Super Group has a market capitalization of approximately €250 million, employing over 19,000 employees in 22 countries.
Mutares
Mutares is a listed private equity firm focusing on the acquisition of companies in special situations with a market capitalization of approximately €600 million. Mutares has invested in a diversified portfolio of companies with a combined revenue of approximately €7.5 billion across the automotive and mobility, engineering and technology, goods and services and the retail and food sectors, led by investment teams in Europe, Asia and the U.S.
The Lincoln team was instrumental in structuring, managing and executing the entire sell-side process from day one. We thank Lincoln’s team for their highly professional support and tireless commitment to ensure a smooth process and a great outcome for all stakeholders.
Meet our Senior Team
I am enthusiastic about creating sustainable growth and the highest value for our clients and strive to leave a positive footprint beyond any successful M&A transaction.
Friedrich Bieselt
Managing Director & Head of Business Services, Europe
Frankfurt
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