Munich, 4 October 2021 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully sold its subsidiary Norsilk to Protac, a French company belonging to Groupe Rose. Norsilk was acquired in 2015 from the Finnish Metsä Group. After undergoing a successful restructuring process, the company was integrated into the Donges Group in 2019. Today, Norsilk employs around 100 people expecting over EUR 50 million in revenues for 2021, representing a strong growth of about 60% compared to 2020. Key measures for the successful turnaround included reorganizing the company and mobilizing the teams, optimizing the production and supply processes, rationalizing the product range, and diversifying the customer portfolio. For Mutares, Protac is the optimal strategic buyer for Norsilk as the company is active in wood processing for a variety of industries and applications and thus highly beneficial for the future development of Norsilk. The combined companies will furthermore have the opportunity to position themselves as a leading wood product supplier in the French market. https://mutares.de/en/mutares-has-successfully-sold-norsilk-to-protac/
Munich/Milan, 8 October 2021 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire Toshiba Transmission & Distribution Europe S.p.A. (“Company”) from Toshiba Group as add-on for Balcke-Dürr Group. The Company is a renowned provider of full turnkey projects in the energy field, operating primarily in Europe and Mediterranean countries. The closing of the transaction and the consequent rebranding is expected for the fourth quarter of 2021 and is still subject to certain customary market conditions precedent. The Company and Toshiba Group will continue to work closely as technological partners for the completion of existing projects and will continue to discuss potential business opportunities in the future. The Company is headquartered in Genova, Italy and employs around 80 people across its branch offices. It delivers HV/MV full turnkey projects, battery storage systems, smart grids solutions and plants for renewable energies. Formerly known as Ansaldo T&D until 2012, the Company realized in its history over 200 installations all over the world. “This deal marks our tenth acquisition in 2021 underlining our success growth story in the past years and years to come. The Company complements our existing portfolio in the field of power efficiency of Balcke-Dürr Group. With Toshiba Transmission & Distribution Europe S.p.A. we can now further concentrate and expand the business of renewable systems, which already today marks a very important business field and can contribute to a more sustainable source of energy,” comments Johannes Laumann, CIO of Mutares. https://gateway.eqs.com/maily/online-version/e76b53b6-f4f6-4042-abc6-0f6d7b8347b4
Munich, 8 October 2021 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) looks back on a successful first wave of optimization at Terranor Group (originally: Nordic Road Services AB, Nordic Road Services Oy) acquired on 4 November 2020. As a provider of road maintenance and road management, the companies of the Terranor Group generated revenues of approx. EUR 140 million in 2020 with around 400 employees. With the help of the Mutares Consulting Team in close cooperation with the management and motivated employees of the Terranor Group, a comprehensive transformation program was set up within 100 days after acquisition and the first optimization wave was successfully completed. Core success areas are in particular improved tender management, comprehensive profitability improvements of current contracts, improved profitability of new contracts, and overhead optimization. The successes of Terranor AB and Terranor Oy have enabled an add-on acquisition - Terranor A/S in Denmark - successfully completed just 7 months after the launch of the platform. Since October 2021, the Terranor Group has been operating independently in a modern cloud-based IT architecture. With this efficient solution, the Group was able to noticeably reduce IT costs and achieve a significantly better cost level. According to Mutares, the Group is thus prepared for stable and sustainable growth and meets the globally increasing complexity with state-of-the-art structures. Contrary to the increasing uncertainties caused by COVID-19, the Terranor Group was able to survive the economic disruptions without any negative effects. As a result of government support programmes and a higher level of commitment in local markets, revenues have even developed above expectations. Ongoing innovations in quality and performance have had a positive impact on bidding due to the increasing demands of state and municipal customers, far from mere price advantages. The effort to further increase the already high competitiveness is underpinned by the recently acquired ESG compliance rating of "advanced". https://gateway.eqs.com/maily/online-version/9b9b88f3-cecc-46fd-8062-09042299e879
Euro 24.05 Munich, 1 November 2021 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) ("Mutares") has successfully completed the acquisition of Ganter Construction & Interiors GmbH ("Ganter") from MIGATI Beteiligungsgesellschaft mbH. Ganter strengthens the Goods & Services segment in the Mutares portfolio as a new platform acquisition. Ganter is a general contractor and expert in high-quality interior finishing and realises projects for internationally renowned customers from the retail, commercial and residential sectors. Customers include architects, hotels, offices, restaurants, luxury brands and private property owners. With its headquarter in Waldkirch, the company employs around 200 people and generates revenues of approximately EUR 110 million. It operates further locations in Italy, France, and Switzerland and has successfully completed more than 1,000 projects worldwide. https://gateway.eqs.com/maily/online-version/9d7c5665-8efb-4b54-808a-592d3030f1b1
Mutares expands presence in Benelux and opens new office in Amsterdam to accelerate growth Office opening in Amsterdam marks the next important step of Mutares on its path to become Europe’s leading distressed private equity investor Jurjen Soppe as Head of M&A Benelux will be responsible for the expansion efforts of Mutares into the Benelux region Munich/Amsterdam, 5 November 2021 – Mutares SE & Co. KGaA expands its global presence and announces the opening of its new office in Amsterdam. The new office serves as an ideal location to further exploit investment opportunities and grow its international M&A business. The Amsterdam presence marks the ninth office in Europe and underlines the successful growth journey of Mutares. In 2020 Mutares has signed its first investment in the Netherlands with the acquisition of Royal de Boer, laying the foundation for expansion into the Benelux region. Jurjen Soppe as Head of M&A Benelux will take over the management of the Amsterdam office to further expand and accelerate the Company's activities in the Benelux region. Jurjen Soppe, a former restructuring banker at ABN AMRO and M&A advisor at Deloitte, brings more than 12 years of experience in a wide variety of domestic and international financial restructuring and M&A advisory projects. He is excellently networked in order to exploit the Benelux market and its investment opportunities. Johannes Laumann, CIO of Mutares SE & Co. KGaA comments: “We are delighted and happy to announce our presence in Amsterdam with Jurjen Soppe. Mutares is already an active investor in Benelux and the opening of our Amsterdam office is another example of how we put our conviction into practice. When it comes to generating attractive transactions in the most important markets, a local presence is essential. I am looking forward to working with Jurjen on expanding our business and I am sure, that this is another step towards reaching our targets for 2023.” https://gateway.eqs.com/maily/online-version/75698cb2-2df4-4ef1-a677-e3d18082c15a
Munich, 8 November 2021 Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire Allianceplus AB from Allianceplus Holding A/S, ultimately owned by Polaris Private Equity. The company will strengthen the Goods & Services segment as a new platform investment with multiple add-on opportunities in the Nordics and Mainland Europe. The transaction is expected to close in Q4 2021. Allianceplus AB is engaged in the business of soft facility management. The company is headquartered in Stockholm and offers its services across Sweden with primary focus on Greater Stockholm, Gothenburg, and Malmö. Allianceplus AB generated approx. EUR 27 million in revenues and employed over 500 people in 2020. With this transaction, Mutares expands and further strengthens its presence in the Nordics. Johannes Laumann, CIO of Mutares SE & Co. KGaA comments: “We are happy to welcome Allianceplus AB to our portfolio and are committed to driving the further growth of the company as well as our Nordic Mutares Operations team. After the successful capital increase, this signing marks the next step in our promised performance, following our DNA that we keep promises, word and positions, professionally and personally.” https://mutares.de/en/eleventh-acqu...plus-ab-sweden-from-allianceplus-holding-a-s/
Munich, 9 November 2021 Mutares SE & Co. KGaA (ISIN: DE000A2NB650) ("Mutares" and, together with its consolidated subsidiaries, "Group") generated consolidated revenues of EUR 1,762.7 million in the first nine months of financial year 2021 (Q3 2020 YTD: EUR 1,073.3 million). The significant revenue growth is primarily based on the continued high level of transaction activity, with ten [JA1] acquisitions already completed. Group EBITDA more than tripled year-on-year - also due to the high transaction activity - and amounted to EUR 496.5 million in the first nine months of financial year 2021 (Q3 2020 YTD: EUR 134.7 million). Adjusted EBITDA1) adjusted for special effects amounted to EUR -30.3 million (Q3 2020 YTD: EUR -16.6 million). As expected, the still negative earnings contributions from the recently acquired investments more than compensated for the restructuring successes at the existing investments. Cash and cash equivalents in the Group amounted to EUR 171.2 million as of 30 September 2021 (31 December 2020: EUR 145.3 million), and the equity ratio of Mutares Group increased significantly to 27% compared to 16% as of 31 December 2020. Mutares also recorded revenue growth of 55% to EUR 35.6 million (Q3 2020 YTD: EUR 23.0 million) in the first nine months of 2021 as a result of the portfolio being expanded through the transactions. The net result amounted to EUR 17.6 million (Q3 2020 YTD: EUR -5.6 million), mainly due to the profit contribution from the sale of the shares in STS Group AG. https://gateway.eqs.com/maily/online-version/8d715920-8fa5-4f49-8f4d-f40cecf2b83e
Munich, 17 November 2021 Mutares SE & Co. KGaA (ISIN: DE000A2NB650) and the GMD Group have entered into exclusive discussions for the acquisition of Sealynx International which has production sites in France, Morocco, Romania and a joint-venture in Algeria. Provided that all necessary consents are obtained and consultations completed, in particular the information and consultation process with the works council of Sealynx International, the transaction is expected to close in Q1 2022. Sealynx International is an important manufacturer and supplier of high-quality car static and dynamic sealings, with a competitive position in the market and an established business relationship with European OEMs. The company generated revenues of approx. EUR 65 million in 2020 and employs over 700 people with recognized know-how. The combination of Sealynx International together with the SFC Solutions Group will create an important player for automotive sealings in Europe, serving a complementary customer base with a broad product range. The company is headquartered and has production facilities in Charleval (France), and two additional plants at immediate proximity of Tier-1 production sites in Morocco and Romania. Its industrial footprint will be a key lever to the competitiveness of the combined groups. Johannes Laumann, CIO of Mutares SE & Co. KGaA comments: “We are very happy to make this important step towards the acquisition of Sealynx International and start creating significant growth and cost synergies with our SFC Solutions Group to become a significant player in the European Sealing Business.” https://gateway.eqs.com/maily/online-version/6eb806f3-5d32-48d2-a136-e407b99e6f21
