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Success story.

Success story.

Success story.

Postcon

Postcon

Postcon

Reposition.

Regain competitiveness.

The Postcon Group was Germany's second largest mail service provider after Deutsche Post with over one billion mailings a year. Together with Postcon management, we dissolved a traditional group structure and repositioned the company as a single, agile and competitive service provider.

Ratingen, Germany

3,500 employees

Acquisition in 2019

Mail services

Seller: PostNL

Exit in 2019/2020/2021

Assessment.

Investment rationale & background.

Investment rationale & background.

Investment rationale & background.

  • Acquire the entire German business from Dutch PostNL

  • Second largest mail service provider in Germany

  • Inefficient and complex group structure with eight operating companies and significant losses

  • Realignment and repositioning of the Group as a single service company

Actions.

Actions.

Actions.

Value creation & transformation.

Value creation & transformation.

Value creation & transformation.

  • Repositioned the four divisions as independent companies

  • Dissolved previous organizational and management structure

  • Implemented cost-cutting measures in loss-making units and focused on core business areas

  • Reorganized key account business, including by concentrating on a large, modern sorting center and closing smaller, less efficient locations

  • Invested in modern sorting technology and IT, and digitized business processes

Focus.

Operational improvement

Repositioning

Cost optimization

Growth

Achievement.

Successful reorganization.

Highlights from a targeted development strategy include:

Successful repositioning to an independent, medium-sized company

Return to profitability by focusing on the core business