Munich, August 8, 2019 – Mutares (ISIN: DE000A2NB650) today published its report for the first half of fiscal 2019. Group sales of EUR 443.2 million, full effect of acquisitions expected for second half of year Group EBITDA at EUR 67.1 million tripled compared to the same period in 2018 Adjusted EBITDA at group level at EUR 0.0 million due to numerous acquisitions Donges Group and Elastomer Group investments show pleasing operating progress Further ambitious expansion of portfolio targeted for 2019 https://mutares.de/mutares-publishes-half-year-report-2019-promisingly-expanded-portfolio/?lang=en
STS Group AG, the global system supplier for the commercial vehicle and automotive industry, listed in the Prime Standard of the Frankfurt Stock Exchange, announces another strategic order. The Group will produce innovative hybrid doors for a Chinese electric vehicle (Battery Electric Vehicle/BEV) manufacturer and also new STS customer. The order will have an effect on sales starting in the fourth quarter of 2020. The assignment is at the same time of great strategic importance. The STS Group is once again demonstrating its versatility as well as its ability as an innovation driver and first mover. STS introduces a new concept for passenger car doors exterior panel, combining injection molding and fiber-reinforced composite known as Sheet Molding Compound (SMC) technology. An injection molding outer panel, is glued on a SMC frame and fixed to the door’s structure. Through the replacement of metal by the composite material to a large extent, a relevant weight reduction can be achieved without reducing the safety aspects. The lightweight construction makes a significant contribution to sustainable mobility. Combining two technologies and on-site production very close to the customer once again demonstrates the innovative STS approach as a competent system supplier for the global automotive industry. Already in July, STS reported successes in the future market of China in the field of e-mobility. The Group won two orders for the supply of battery covers for electric vehicle models. “Our technologies make an important contribution to reducing weight, noise and emissions in the present and future automotive industry. That is why they remain in demand even in a challenging market environment. We are delighted to have been entrusted with this contract in one of the world’s most promising markets and are confident that we can further expand our position as an innovative systems supplier,” says Andreas Becker, CEO of STS Group AG. https://mutares.de/sts-group-ag-win...tive-lightweight-components-in-china/?lang=en
Munich, October 18, 2019 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) today made a notarized, binding offer to acquire the business of Q Logistics GmbH, a logistics subsidiary of Austrian Federal Railways (Österreichische Bundesbahnen – Holding Aktiengesellschaft). Q Logistics is a provider of cross-border transport logistics and warehousing services with a nationwide network in Austria. The company is active in general cargo, charter and warehousing serving customers from various sectors, including food, pharmaceutical and fast-moving consumer goods (FMCG). In fiscal year 2018, Q Logistics had consolidated total sales, including the Czech subsidiary, of around EUR 250 million and a total of approx. 920 employees. The transaction still requires respective committee resolutions on the part of the seller, which are expected to be passed latest by the end of the month, as well as the acceptance of the notarized, binding offer by the seller. https://mutares.de/industrieholding...b-einer-logistik-tochter-der-oebb-ab/?lang=en
Sorry, only in German .... 11 % – wer bietet mehr? Die Beteiligungsgesellschaft Mutares hat 2019 ihr Portfolio deutlich ausgebaut. Heiße Wette – heiße Dividende Das Vorstandsteam von Mutares hat in der Vergangenheit bewiesen, wie man Problemfirmen wieder flottbekommt. Viele Beteiligungen wurden mit hohem Profit wieder verkauft. 2017 lag der Umsatz bei 899 Millionen Euro. 1,10 Milliarden Euro sollen es im laufenden Jahr werden. 2020 sind 1,40 Milliarden Euro geplant. 2019 soll der Gewinn pro Aktie bei 1,04 Euro liegen. 2021 plant DER AKTIONÄR mit 1,25 Euro pro Anteilsschein. Mit Donges hat Mutares einen neuen europäischen Player geformt. Die STS Group notiert weit unter Wert. Hinzu kommen elf weitere Beteiligungen, die im Mutares-Portfolio schlummern. Spannende Tunraround-Wette mit sportlicher Dividendenrendite! https://mutares.de/mutares-in-der-ausgabe-der-aktionaer/
Munich, October 23, 2019 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) successfully hosted its first Capital Markets Day yesterday. Mutares gave an insight into the group strategy, discussed the planned acquisition of Q Logistics GmbH, and confirmed the sustainable dividend policy. More than 80 investors, analysts, and media representatives followed Mutares’ invitation to the Capital Markets Day in Frankfurt/Main. On this occasion, CEO Robin Laik gave an insight into the current situation and outlined the next strategic steps of the listed industrial holding company, which specializes in companies in special situations with operational improvement potential. To this end, Mutares pursues a buy & build approach and complements platform investments in a strategic and value-enhancing manner through targeted acquisitions, so-called add-on acquisitions as explained in detail by CFO Mark Friedrich. The success of this approach has recently been impressively demonstrated by the portfolio companies Donges Group and Balcke-Dürr Group. At Donges Group, Mutares’ teams succeeded in developing the company from a non-profitable EUR 40 million sales to a group with over EUR 350 million annualized turnover and a clearly positive EBITDA margin within 24 months1. Thus, Mutares built the Donges Group into a leading European and competitive supplier of bridge and steel construction as well as roof and facade systems. Comparable success was experienced by the Balcke-Duerr Group, one of the leading manufacturers of components for increasing energy efficiency and reducing emissions for industry. Mutares continuously developed the group of companies with two add-on acquisitions and the expansion of the service portfolio. In particular, the impressive operative development in the international service business for modernization of coal-fired power plants represents excellent future exit potential. “We now can see that our buy & build strategy is working and has yielded gratifying added value for our largest investments. Such successes we strive to achieve similarly with our latest platform investments Plati, the keeeper group, and KICO,” Mutares CEO Robin Laik explained. Based on the announcements published last week, Mutares also announced the submission of a binding offer to acquire Q Logistics GmbH, a logistics subsidiary of Oesterreichische Bundesbahnen – Holding Aktiengesellschaft (ÖBB). As such it is a potential new platform investment with considerable potential for value appreciation, which is intended in particular to drive forward further expansion in the promising Services segment. In 2018, Q Logistics achieved sales of EUR 250 million and employed around 920 people. “We are very satisfied with the business development to date and hope to have provided our shareholders, stakeholders, and media representatives with an exciting insight into Mutares and our approach, and to have answered all questions exhaustively at our first Capital Markets Day. Preconditions for continued promising business development is a favorable environment despite increasingly challenging external factors; the market for investment companies is in robust shape. For this reason, we want to continue to grow sustainably and at an appropriate rate. Always with the aim to have our shareholders participate in the company’s success also in the future, at least maintaining the current dividend level and continuing to expand it upwards,” CEO Robin Laik commented on Capital Markets Day 2019 with a view to the coming year. https://mutares.de/mutares-industri...d-target-at-capital-markets-day-2019/?lang=en
Strategic partnership of La Meusienne and Balcke Duerr Group formalized Balcke Duerr Group integrates stainless steel tube supplier La Meusienne Vertical integration aiming at cost, sales and quality synergies for both companies Integration will result in Balcke Duerr Group revenues of ca. EUR 160 million Munich/Dusseldorf, December 24, 2019 – Balcke Duerr Group, an investment platform of Mutares SE & Co. KGaA (ISIN: DE000A2NB650) active in the field of energy efficiency solutions for applications in power and industrial plants, has successfully completed the integration of French stainless-steel tube provider La Meusienne. The integration of the previous standalone platform aims at realizing cost, sales and quality synergies for both companies, especially by cross-leveraging on existing product expertise. La Meusienne is one of the major French players in the production and treatment of high-quality stainless-steel tubes with small diameter serving customers in the pharmaceutical and chemical industries as well as major customers in the heat exchanger industry. With more than 50 years of experience and its strong customer base, the company with headquarter in Ancerville has a strong reputation for process pipes for fluid transfer, heat exchangers, chemical appliances as well as food and beverage. La Meusienne and Balcke Duerr conducted first joint projects in 2019 to explore areas of cooperation which now lead to the full integration into Balcke Duerr Group. Products and services of La Meusienne find their main application within Balcke Duerr in the field of heat exchangers. With this vertical integration, Balcke Duerr will be able to control a significant greater part of the value chain of its own offering to its clients. After the integration, Balcke Duerr Group will operate five manufacturing sites, employ ca. 620 people and generate annual sales of ca. EUR 160 million. Company profile of Balcke Duerr Group With over 130 years of experience, the Balcke Duerr Group offers cutting edge solutions for electricity generators and power plant constructors with product solutions and services ranging from standard modules to complete thermal systems. Balcke Duerr’s experienced engineers specialize in solutions that meet the highest safety and sustainability requirements. Its product portfolio comprises heat exchangers and apparatus for applications in chemical processes and power plants, filter systems for flue gas cleaning as well as corresponding maintenance services. At its production sites in Germany, Italy and China, Balcke Duerr produces components for boosting energy efficiency and reducing emissions. At seven key service, engineering and sales centres in Germany, Italy, Poland, India and France, Balcke Duerr Group currently employs more than 400 people. In 2019, before integration of La Meusienne, the company plans to realize group sales of approx. EUR 115 million. https://mutares.de/strategic-partnership-of-la-meusienne-and-balcke-duerr-group-formalized/?lang=en
Mutares takes on Top 2 of the Italian postal market by acquiring the majority in Nexive’s business from PostNL Munich/The Hague, 24th February 2020 – Mutares and PostNL have signed an agreement on the acquisition of the majority stake of 80% in the business of Nexive, the number two mail and parcel provider in Italy and currently a full subsidiary of PostNL. PostNL will obtain a minority interest of 20% in the entity acquiring the Nexive business. The acquisition would be the second one for Mutares within the current financial year and would result in annualized consolidated revenues of its portfolio of approx. EUR 2 billion. The transaction is subject to a number of conditions and is expected to close in Q2, 2020. Nexive provides mail services to 80% of Italian households and parcel services to the entire Italian market. It’s the number two in the Italian mail market and aspires to be the smart challenger, offering customers the best balance between service, quality and price. It achieves this ambition by focusing on customer interaction and by further strengthening its network. Nexive has enhanced its position in Italy in recent years by expanding its portfolio, and by launching innovative services, including E-box, which offers total track & trace on mail items. Nexive also expanded its own parcel network in 2016 through the introduction of Sistema Slim, a solution for letterbox packages which forms the basis for future growth and success. Operating countrywide in Italy, the company has approx. 8,000 employees and will strengthen the portfolio segment ‘Goods & Services’ of Mutares. Herna Verhagen, CEO of PostNL, says: “This transaction will allow Nexive to further develop its business and to build its position in the Italian mail and parcel market. For PostNL, the sale of the majority stake in Nexive underpins our strategy of focusing on our core markets in the Benelux region and supporting our transformation into an e‑commerce logistics and postal service provider.” Luciano Traja, CEO of Nexive adds: “This step gives us the opportunity to take the Nexive business to the next stage in achieving our strategy. We are well positioned to benefit from the innovation and solutions that we have introduced for our customers in recent years. Our strategy is aimed at our growing market share and taking full advantage of ongoing growth in the Italian e-commerce market.” Robin Laik, CEO of Mutares SE & Co. KGaA comments: "We look forward to developing Nexive in our portfolio and will support the future repositioning and growth path of the company. We aim to further grow its nationwide network, to further develop the last-mile business as well as to enhance opertational and administrative efficiency." https://mutares.de/mutares-takes-on...rity-in-nexives-business-from-postnl/?lang=en
Mutares strikes for another record year and signed a transaction to acquire certain Sealing and Fluid Businesses from Cooper Standard New platform acquisition for the Automotive & Mobility segment with significant synergies for Elastomer Group Leading Automotive and Industrial Specialties supplier for Sealing and rubber Fluid Transfer Systems (FTS) in Poland, Italy, Spain and India with approx. EUR 180 million in revenues in 2019 Cross-border transaction and joint team approach of the German and Italian Mutares offices Munich, 08 May, 2020 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) and Cooper Standard (ISIN: US21676P1030) have signed an agreement on the acquisition of certain operations from Cooper Standard in Poland, Italy, Spain and India including approximately 2,500 employees. The transaction is still subject to consent of anti-trust and is expected to close in Q2, 2020. The transaction perimeter in Europe consists of rubber Fluid Transfer Systems plants in Poland and Spain which supply major world-leading Automotive OEMs. The Italian plant serves also as a manufacturer and raw material supplier (compound) of Specialty Sealing Products to the European plants. The Indian company is a key supplier for sealing solutions as well as fuel and brake delivery systems for the automotive industry with 7 production plants. The combination of this Group and the existing portfolio companies of Mutares, would allow Elastomer Solutions Group to leverage significant synergies in all business areas. „The foreseen transaction underlines Mutares Automotive, carve-out and turnaround expertise. The acquisition would strengthen the Mutares Automotive segment and offers significant synergy potential to the Elastomer Solutions Group. This will help both companies to improve in the fields of Sales, Operations and Administration and has also a benefit for Cooper Standard“, says Johannes Laumann CIO of Mutares. https://mutares.de/7518/?lang=en
mutated attacks record for another year and signed a transaction to acquire certain Cooper Standard fluid and sealing businesse
Mutares with a strong start to 2020: Two exits, placement of a bond and three acquisitions Group sales in Q1 2020 at EUR 315.7 million (Q1 2019: EUR 203.3 million) EBITDA climbs to EUR 39.0 million after EUR 0.0 million in Q1 2019 Adjusted EBITDA of EUR -10.4 million (Q1 2019: EUR -3.5 million) reflects higher M&A activity in acquisitions Already three acquisitions completed in the current financial year, including an add-on and two new platform investments Outlook 2020 affected by corona pandemic, but also by confidence in the sustainability of the Mutares business model Munich, 14 May 2020 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) reported Q1 2020 group sales of EUR 315.7 million (Q1 2019: EUR 203.3 million). The increase in sales was driven by high transaction activity during FY2019 and Q1 2020. Accordingly, an operating result (EBITDA) of EUR 39.0 million was achieved (Q1 2019: EUR 0.0 million). As expected, the adjusted EBITDA1) was negative at EUR -10.4 million (Q1 2019: EUR -3.5 million). The decline in adjusted EBITDA is mainly attributable to the as yet negative earnings contributions of the newly acquired units. Cash and cash equivalents amounted to EUR 141.8 million as of 31 March 2020 (31 December 2019: EUR 79.7 million). The equity ratio of Mutares Group decreased to 22.8% (31 December 2019: 24.5%), mainly attributable to the balance sheet extension in line with the high acquisition activity and the successful placement of the EUR 50.0 million bond in February 2020. https://mutares.de/mutares-with-a-s...ent-of-a-bond-and-three-acquisitions/?lang=en
Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has sold its subsidiary KLANN Packaging GmbH to the investment holding Accursia Capital GmbH after many years of affiliation to the portfolio. The transaction is part of the initiated realignment of the portfolio, which examines the disposal of smaller-sized subsidiaries. The parties agreed not to disclose any information on the purchase price. KLANN Packaging is a leading manufacturer of high-quality promotional and sales packaging made of printed tinplate and is headquartered in Landshut, Germany. In 2011, the entity was carved-out and acquired from HUBER Packaging. Following to a successful restructuring, the company has established itself as the quality leader in the market for high-quality tinplate packaging solutions. Accursia is considered the suitable partner to continue the proposed strategy of geographic and product expansion. Johannes Laumann, CIO of Mutares, comments: “With Accursia we have found the ideal partner for KLANN Packaging, which has grown very close to our heart during the years of belonging to our portfolio. We are convinced that KLANN will develop excellently under the future owner through new organic and inorganic growth plans. For Mutares, this transaction is a great success in difficult market conditions and a further step in our portfolio consolidation.” Martin Scheiblegger, CEO of Accursia Capital, says: “We see KLANN Packaging as a well-structured company, which is optimally positioned for further growth. Through a targeted long-term buy and build strategy, Accursia’s new packaging division will be significantly developed over the next few years. KLANN Packaging is already the fourth investment of Accursia within the last six months. This transaction is another important step in our sustainable growth strategy.” https://mutares.de/mutares-sells-long-term-subsidiary-klann-packaging-to-accursia/?lang=en
Mutares SE & Co. KGaA: First virtual Annual General Meeting approves dividend of EUR 1.00 per share again The Annual General Meeting of Mutares SE & Co. KGaA (ISIN: DE000A2NB650) today approved the proposal of the Management Board and Supervisory Board and resolved to pay again a dividend of EUR 1.00 per share (previous year: EUR 1.00) for the past financial year. Taking into account treasury shares, a total of approximately EUR 15.2 million (previous year: EUR 15.2 million) of the net profit of Mutares SE & Co. KGaA will be distributed. The members of the Management Board, the Supervisory Board and the Shareholders’ Committee were also discharged by the shareholders for the financial year 2019. The voting presence at the General Meeting was 51.86%. In its presentation, the Management Board commented in detail on the very positive results of the 2019 financial year and the successful start to the year in the first quarter of 2020. The outlook for the current financial year is influenced by the COVID-19 pandemic. Nevertheless, the Management Board is optimistic that it will be able to take advantage of additional opportunities in the M&A area on the purchasing side in the second half of the year. Robin Laik, CEO of Mutares Management SE as personally liable partner of Mutares SE & Co. KGaA comments: “The successful financial year 2019, with the renewed distribution of a dividend of EUR 1.00 per share, and the strong start to the 2020 financial year underline the growth course of the Mutares Group. Based on our track record to date, we are more convinced than ever of our business model and its value creation and we are confident that we will continue to develop our investments even in the current very challenging environment. In particular, we are convinced that we will be able to strengthen our investments through strategic acquisitions in the further course of the year.” All proposed resolutions of the agenda items received clear approval by the Annual General Meeting. Further information on the Annual General Meeting 2020 and the detailed voting results will be available shortly at https://mutares.de/investor-relations/annual-general-meeting/?lang=en. https://mutares.de/mutares-se-co-kg...dividend-of-eur-1-00-per-share-again/?lang=en
Mutares SE & Co. KGaA: Updates guidance, enhances communication strategy focused on transparency and new return targets underlined by strong growth prospects Munich, 15 June 2020 – Mutares SE & Co. KGaA announces further steps in its growth ambitions as leading European carve out/special situations private equity group. Since the foundation more than ten years ago, Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has been highly successful in pursuing a specific private equity business model: Companies that find themselves in situations involving major change are bought at favourable prices and then, after a successful realignment including the restructuring through the Group’s own consultants, companies are optimized with suitable acquisitions before the full value crystallization is generated through the sale (exit). In order to further increase the transparency of its complex business model and resulting success for shareholders as well as potential new investors, Mutares has enhanced its communication strategy with new elements including specific return targets, underlining strong growth prospects. Since the start of 2020, the usual segmentation of the portfolio by sector has been supplemented by further clustering based on the level of restructuring progress. This shows that Mutares invests in both cyclical and non-cyclical sectors and helps identify the assets for which an exit is being prepared for lucrative offers. In line with the statements made by Mutares CEO Robin Laik at this year’s Annual General Meeting, Mutares will also focus on the following success parameters in its future capital market communication: Annualised consolidated revenue: Mutares is aiming to double this figure from currently around EUR 1 billion to at least EUR 2 billion in the medium term by continuously expanding the average size of the portfolio held. The Executive Board expects that the current coronavirus-triggered economic crisis will give rise to additional attractive opportunities for Mutares as a restructuring specialist that can actively be leveraged thanks in part to the EUR 50 million bond successfully placed by Mutares at the start of 2020. Consulting revenues: Growth in consulting revenues is also a strategic indicator of a growing portfolio volume and thus of increasing exit potential. Based on current consulting revenues of over EUR 19 million in 2019, the Executive Board of Mutares is aiming for an average annual growth rate between 10% and 20%. Return on invested capital (ROIC): As a key value creation indicator for private equity companies like Mutares, the Group aims to achieve an ROIC of at least 5 for the invested portfolio with consulting fees paid and profit distributions from the respective subsidiaries to Mutares over the entire holding period (generally of up to five years) until the exit. Exit revenues then allow for a full value crystallization of between 7 and 10 ROIC for the overall investment and holding period. This return adjusted with the Holding company costs results in the dividend relevant net profit which amounts to EUR 22 million in 2019. Dividend: Mutares resolutely follows a sustainable long-term dividend policy that allows the company’s shareholders to take a significant share in the company’s success. Mutares’ sustained ability to pay dividends draws on the holding company’s broad earnings base comprising profits from restructuring consulting, dividend income from the portfolio held, and any exit revenues generated. In each of the past three financial years, a dividend of more than EUR 15 million or EUR 1.00 per share was distributed in line with this policy. This corresponded to a double-digit dividend yield in percentage terms (in relation to the share price when the annual financial statements were approved). The Executive Board continues to expect that it will be possible to continue this sustainable long-term dividend policy successfully, even in the coronavirus year 2020, due to the broad diversification of the portfolio and diverse operating cash flow streams to the holding. The new elements of Mutares’ communication strategy was developed under CIO Johannes Laumann, who has held this role since 2019. Based on the results, Laumann is optimistic: “I am confident that the enhanced communication strategy will enable us to further raise the profile of Mutares as a broadly positioned, highly profitable restructuring specialist. At the same time, it will now be even more transparent for the capital market how successfully we are taking advantage of our strong growth prospects. Particularly for a listed private equity company like Mutares, we believe that good, professional communication can add further value – given the right business results, of course. And in this regard, we remain optimistic that we can successfully take advantage of the wide range of opportunities currently available.” https://mutares.de/en/mutares-se-co...cess-parameters-with-strong-growth-prospects/
Munich, 26 June 2020 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire the SABO Maschinenfabrik GmbH, one of Europe’s leading manufactures of lawnmowers and other outdoor power products, from Deere & Company (John Deere, NYSE: DE). The transaction is expected to be completed by the end of July 2020. The SABO Maschinenfabrik GmbH, one of the leading brands for high-quality walk-behind mowers and handheld power products in Europe, will strengthen the Goods & Services portfolio segment as a new platform investment. SABO manufactures lawnmowers and other outdoor power products and markets them to homeowners, municipalities, and gardening and landscaping companies. The company, based in Gummersbach, Germany, was founded in 1932 and has been a subsidiary of Deere & Company since 1991. SABO has approximately 125 employees. SABO will maintain ownership of its brand assets and its operations in Gummersbach. The company will continue to produce walk-behind lawnmowers and handheld outdoor power products, marketing those machines through its existing network of more than 1,100 specialized dealers in Germany, Austria, Belgium, the Netherlands, Switzerland, and Slovakia. Employees, customers, suppliers, dealers, and distributors should notice little change in daily operations, according to Deere and Mutares. “SABO is a leading brand for high-quality walk-behind mowers and handheld power products in Europe, and the company is well-positioned for growth with its line of battery-powered machines,” said Tim Merrett, Vice President of John Deere’s Turf and Utility business. “However, Deere is shifting its focus to key production systems that will allow our machine technology to be a differentiator. Further investment in walk-behind lawnmowers was no longer a strategic fit.” Johannes Laumann, CIO of Mutares, comments: “We are happy to add SABO to our Goods & Services segment and welcome the employees in the Mutares family. SABO is a very well-known brand in the garden and outdoor market and I am convinced, that, with its proven expertise and operational experience, Mutares is the best choice as new owner to drive the growth of SABO. We have very ambitious targets concerning growth and speed of execution as already successfully shown at keeeper Group. We are dedicated to be successful in realizing the value potential of SABO.” https://mutares.de/en/mutares-to-ac...other-outdoor-power-products-from-john-deere/
Munich, 15 July 2020 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) and NCC AB (ISIN: SE0000118952) have signed an agreement on the acquisition of Nordic Road Services AB and Nordic Road Services Oy, each a leading provider of road services in their respective markets. Both companies will strengthen the Goods & Services portfolio segment as one new platform investment. In 2019, the Group had revenues of around EUR 125 million and approximately 216 employees. The companies are based in Sweden and Finland serving state and municipality customers as well as private companies. The transaction still requires approval by the Swedish Competition Authority. Both, Nordic Road Services AB and Nordic Road Services Oy provide services such as snow handling, road supervision, road maintenance, traffic signs, wildlife fences, road markings etc. to mostly public sector customers. https://mail.yahoo.com/d/folders/1/messages/4442?.intl=us&.lang=en-US&.partner=none&.src=finance
Munich, 16 July 2020 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has had a successful and transaction-rich first half-year. Despite a challenging market environment due to the COVID-19 pandemic, the private equity investor has succeeded in further accelerating the high transaction activity of the previous year, placing it in the top European private equity league in terms of transaction numbers. Mutares expects a persistently active transaction activity on both the buy and sell-side throughout the rest of the year. Mutares successfully placed a EUR 50 million senior secured bond at the beginning of the year. The bond, which bears interest at 0% EURIBOR floor plus a margin of 600 basis points and is traded on the Oslo and Frankfurt stock exchanges, secures the financing of further inorganic growth of the portfolio and value-enhancing investments. With a total of five successful transactions on the buy-side and three transactions on the sell side, Mutares achieved a further increase in sales of over EUR 600 million compared to the annualized previous year and exceeded its own targets of 7-10x ROIC for the BEXity CZ and Rothemühle Poland parts exits. Despite the imponderables of the first half of the year and an uncertain outlook, the Company is aiming for another record year: "I am confident that we will continue to be successful in the second half of the year and show above-average deal flow. The acquisition of the Swedish and Finnish activities of NCC, which was agreed after the reporting date of June 30 and is already the sixth transaction this year, shows that we are keeping our promises and that the current times offer our business model unique opportunities. We will use them to achieve our self-imposed growth, dividend and return targets,” says Johannes Laumann, CIO of Mutares. In June, Mutares published a further developed communication strategy that focuses on transparency with clear key figures. In addition to increasing sales in the Group and the holding Company, Mutares is aiming for a multiple on the capital employed (ROIC) of at least 7-10. Both components contribute to the Company's leading position in dividend yield and to create maximum shareholder value in the future. Finally, CIO Johannes Laumann once again commented: “My thanks and those of the entire Management Board go especially to our employees, who have shown their full commitment even in these difficult times”. https://mutares.de/en/mutares-with-record-transaction-activity-in-first-half-year/
Euro 20.90 Munich, 30 June 2021 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the sale of its 73.25% stake in STS Group AG (ISIN: DE000A1TNU68). The transaction with Adler Pelzer Group is already the third exit in the current year for Mutares and comprises the shares and the entire business operations of Plastics and Materials in Europe, China and the USA. The company will become part of the Adler Pelzer Plastics division in the future. STS Group AG had been part of the Mutares Group since 2013 and successfully completed a turnaround following a buy-and-build strategy. The IPO of STS Group AG took place in 2018, after which Mutares remained the main shareholder. In financial year 2020, STS Group generated revenues of EUR 235.0 million and operating earnings before interest, taxes, depreciation and amortization (EBITDA) of EUR 14.7 million. The transaction includes the full 73.25% stake in STS Group AG held by Mutares. https://mutares.de/en/mutares-se-co-kgaa/
Euro 25.50 Munich, 29 September 2021 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Innomotive Systems Hainichen GmbH. The acquisition strengthens the Automotive & Mobility segment and has numerous synergies with the portfolio company KICO GmbH. “Especially these kinds of transactions we want to increase after a successful Capital Increase, as I am convinced that inorganic growth at existing portfolio companies accelerates Mutares Value Creation disproportionately,” comments Johannes Laumann, CIO of Mutares. The company, with production sites in Germany and China, employs a total of around 450 people and generates revenues of approximately EUR 120 million. As leading supplier of aluminum hinges for automotive applications, Innomotive Systems Hainichen manufactures sophisticated and high-precision door hinges made of steel or aluminum as well as complex hinges for engine hoods, tailgates, and lids. https://mutares.de/en/mutares-2/
