17 May 2022·Restructuring
PostCon NRW completes restructuring under self-administration
The creditors' committee of PostCon NRW GmbH has unanimously approved the insolvency plan, completing the restructuring under self-administration approximately six months after proceedings were filed. Around 1,000 jobs have been preserved and daily processing of approximately 500,000 mail items continues throughout.
Sources: Sources: Insolvenz-Portal, 17 May 2022 · postbranche.de · verkehrsrundschau.de · Unternehmeredition · McDermott Will & Emery · RWS Verlag · JUVE
6 September 2021·Follow-on value
Triton completes sale of Meine Radiologie Holding (formerly DRH) to EQT Infrastructure
The platform originally set up by Tempus Capital and Steffen Dauster in 2017 was scaled by Triton to 37 practices, renamed Meine Radiologie Holding and sold on in September 2021 to EQT Infrastructure, and is now part of the European Evidia group. The platform's continued growth bears out the original investment thesis.
Sources: Sources: Triton Partners, 6 September 2021 and 9 July 2021
17 November 2021·Exit
Exit from Xendis Versandlogistik
Tempus Capital has exited its interest in Xendis Versandlogistik GmbH. Xendis is one of Germany's largest alternative postal operators, with more than 20 years of experience in business-to-business mail services and a sorting centre in Essen.
Sources: Sources: Pitchbook investor profile, 17 November 2021
Summer 2021·Bolt-on
Tempus Capital extends the PostCon platform with the acquisition of PostCon NRW
Following the acquisition of PostCon National (now trading as DVS), the firm has also acquired the group's NRW operations, the largest alternative postal operator in North Rhine-Westphalia, with one sorting centre and more than 60 depots.
Sources: Sources: Quantum Capital Partners
June 2021·Rebranding
PostCon National rebrands to DVS – Deutscher Versand Service
As part of the strategic repositioning, PostCon National GmbH was renamed Deutscher Versand Service GmbH (DVS). The new name signals the group's national reach.
Sources: Sources: Company announcement
5 January 2021·Investment
Tempus Capital acquires PostCon National GmbH and mailworXs GmbH
Tempus Capital has acquired PostCon National GmbH (today DVS) and its subsidiary mailworXs GmbH from Quantum Capital Partners, a management buy-out together with chief executive Michael Mews. Lead counsel K&L Gates (Dr Matthias Grund LL.M., Kerstin Hanke); acquisition finance provided by ELF Capital.
Sources: Sources: K&L Gates, 5 January 2021 (DE) and 6 January 2021 (EN) · Quantum Capital Partners · ELF Capital Group · RWS Verlag · Ashurst
1 February 2019·Exit
Tempus Capital exits majority interest in Deutsche Radiologie Holding to Triton
The Smaller Mid-Cap Fund of Triton has acquired the majority interest in Deutsche Radiologie Holding (DRH). Tempus Capital set up the platform in 2017 together with chief executive Steffen Dauster and developed it into one of the first institutional consolidation platforms in the German radiology market. A bolt-on financing for a Tuttlingen radiology practice (DC Advisory) preceded the transaction in January 2019.
Sources: Sources: Triton Partners, 1 February 2019 · DC Advisory, 24 January 2019 · FYB Financial Yearbook · private-equitynews.com
June 2015·Investment
Tempus Capital acquires BASLER Fashion Group
Tempus Capital has acquired the long-established premium women's fashion group BASLER, based in Goldbach. Lead counsel K&L Gates (buyer) and Dentons (seller); refinancing via a Commerzbank-led syndicate, working capital from Alteri Investors. BASLER is part of the historical track record. The case is listed under Historical engagements.
Sources: Sources: JUVE · Dentons · K&L Gates · fashionnetwork.com
