# How KKR Used Conductor to Orchestrate Billions in Portfolio Value Creation

How KKR's EMEA Capstone ran value creation across Marelli, FiberCop, and Accell Group on Conductor — one preferred platform for governance, financial tracking, and portfolio-wide execution visibility.

**THE PROGRAM AT A GLANCE**

- **$2B** — in value creation orchestrated at Marelli.
- **€1.8B** — carve-out value managed at FiberCop.
- **100** — active projects centralized at Accell Group.

## Background

KKR's EMEA Capstone works with portfolio companies to drive operational improvement and value creation. As its portfolio value creation programs grew in scale and complexity, the need for a consistent way to manage execution across companies became increasingly important.

Conductor was deployed across three portfolio companies: Marelli in automotive, FiberCop in telecom, and Accell Group in manufacturing. Each program had different objectives and operating environments, but all required strong governance, financial visibility, and accountability for execution.

**THE CHALLENGE**

## One portfolio, three different ways of working

Value creation was being managed differently across portfolio companies, with disconnected tools and inconsistent approaches to governance and reporting.

**Before Conductor** — Three ways of working

- Each company ran value creation differently, with disconnected tools and no shared approach to governance and reporting.
- Operating partners relied on manual status packs and ad hoc reporting, making it hard to spot risks or compare progress across companies.
- No consistent line between individual initiatives and their financial outcomes.

**With Conductor** — One execution model

- A standardized approach to initiative governance, financial tracking, and execution visibility across the portfolio.
- Real-time roll-up dashboards let operating partners compare progress and act on risks early.
- Every initiative connected to its financial outcome, portfolio-wide.

**THE SOLUTION**

## A common platform for value creation

KKR deployed **Conductor** as a common value creation platform across the portfolio, creating a standardized approach to initiative governance, financial tracking, and execution visibility.

1. **Marelli — automotive** — Conductor was used to manage more than 50 restructuring and value creation initiatives, including a $1 billion cost reduction program, $900 million in sustainable cash savings, and a $1 billion capital improvement program.
2. **FiberCop — telecom** — Conductor provided a single source of truth across a €1.8 billion carve-out, including decommissioning, ERP transformation, organizational restructuring, and Transformation Office activities.
3. **Accell Group — manufacturing** — 100 active projects were centralized across Working Capital, COGS, and Opex, providing a common view of execution and financial performance.

> Conductor has been revolutionary for us at Marelli in managing over 50 different restructuring and value-creation initiatives. Conductor is highly value-adding, and I can run all this as one person rather than having streams of external consulting firms. I can't imagine doing any future VCPs without this.

— **Mike Mills**, Senior Advisor, KKR

**THE RESULTS**

## What KKR achieved

By establishing a common execution model across the portfolio — with real-time visibility for operating partners — KKR delivered value at scale across three industries.

**THE IMPACT**

- **$2B** — in value creation orchestrated at Marelli.
- **€1.8B** — carve-out managed at FiberCop.
- **100** — projects centralized at Accell Group.
- **1** — preferred value creation platform, now standard across KKR.

**IN SUMMARY**

## Conclusion

Value creation becomes more scalable when execution is governed with the same discipline across every portfolio company.

KKR used Conductor to establish a common model for managing initiatives, financial outcomes, and accountability across three companies and three industries. The result was greater visibility for operating partners and a repeatable approach to value creation that could be applied across the portfolio.

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[View this page on the website](https://getconductor.com/resources/how-kkr-used-conductor-to-orchestrate-billions-in-portfolio-value-creation) · Last updated: 2026-08-20