+ Advent / Bain portfolio companies Concardis, RatePAY, Mercury Processing Services International, Cardtech and PCS/Simplepay consolidated under Concardis Payment Group
+ Robert Hoffmann appointed Group CEO
+ Concardis Payment Group to be transformed into leading digital payment provider in DACH region
+ Former Concardis CEO Marcus Mosen to join the Supervisory Board of the group and acts as Senior Advisor
Eschborn, April 11, 2018. As part of the next step towards establishing a digital payment champion based in Germany, Eschborn-based full-service payment provider Concardis GmbH (“Concardis”) today announced the formation of a new payment group. Payment companies Concardis GmbH, RatePAY GmbH, Mercury Processing Services International, Cardtech GmbH and PCS/Simplepay, all owned by private equity firms Advent International and Bain Capital Private Equity, are consolidated in “Concardis Payment Group GmbH”.
Robert Hoffmann has been appointed as CEO of Concardis Payment Group. He will lead the ongoing transformation of Concardis Payment Group to the leading digital payment service provider in the DACH region and is responsible for all portfolio companies.
Robert Hoffmann has more than 20 years of experience in telecommunications and e-business with a strong focus on products and sales. He joins from United Internet AG where he was Executive Board Member for the Business Application unit and CEO of 1&1 Internet since 2013. Robert developed 1&1 Internet into the European Market leader for Hosting and E-Business-Applications for SMBs with offerings in eleven countries. Prior to that, he led United Internets Telecommunication Unit 1&1 Telecom after joining from Arcor in 2006. In addition to Robert Hoffmann as CEO, Catherine Sherwin will assume the position of Group CIO of Concardis Payment Group. A Group CFO will be appointed within the next weeks.
“The future of digital payment offers significant benefits for merchants and consumers through innovation and consolidation of the European payment industry. The Concardis Payment Group is the ideal platform to become a one-stop shop for merchants and serve them competently. I am looking forward to driving Concardis together with our team, our partners and customers as well as the two most experienced investors in the payment sector to become the leading service provider for cashless payments in DACH”, says Hoffmann.
Marcus Mosen, who successfully led Concardis as CEO for the past three years, is stepping down from his operational function as Managing Director of Concardis GmbH. He will join the Supervisory Board of Concardis Payment Group and continue to support the company as a Senior Advisor. The new management team at Concardis GmbH consists of Jens Mahlke, who acts as COO for Concardis GmbH and Cardtech as well as Mark Freese (CFO) and Luca Zanotti, who have both been newly appointed as Managing Directors.
“The newly formed Concardis Payment Group will enable us to take the next step in creating the digital payment champion in the DACH region. To achieve this, we will invest significantly in developing our customer proposition for merchants, digitising our processes and further expanding our direct go-to-market capabilities. We are delighted to welcome Robert on board, who will put our plans into action with his extensive leadership experience”, says Stuart Gent, Chairman of Concardis Payment Group’s Supervisory Board. “I also want to thank Marcus, who has played a pivotal role in developing Concardis into a leading full-service payment provider in the DACH region. In the future, he will support us with his expertise on the Supervisory Board of Concardis Payment Group.”
Photo © Dirk Ostermeier / Concardis