Mutares

Overview

Mutares SE & Co. KGaA (styled MUTARES) is an international private equity investor focused on special situations, particularly acquiring parts of large corporations (carve-outs) and companies in transitional phases.

Portfolio

Since its establishment in 2008, Mutares has acquired more than 50 companies and carried out several divestments. The company's portfolio companies operate in a wide range of industries globally. Mutares' portfolio is divided into four segments: Automotive & Mobility, Engineering & Technology, Goods & Services, and Retail & Food.

Bankruptcies and Liquidations

Various Mutares Portfolio Companies had to file for bankruptcy or have been liquidated:

German paper mill Zanders, French e-commerce company Pixmania German producer of inverters Platinum French Wholesaler for tableware Artmadis was liquidated.

Company sales

The following portfolio companies had been sold off:

German automotive supplier STS Group, Italien postal company Nexive,Klann Packaging, German Fertigungstechnik Weißenfels Dutch producer of waste machines Geesinknorba German producer of packaging machines A+F Automation+Fördertechnik, French e-commerce trader of electronic goods Grosbill French e-commerce company Pixmania, Irish pharma company Suir Pharma Ireland (ex Stada Production Ireland), French logistics company SN CGVL German automotive supplier HIB Trim Parts Solutions

Development of the Mutares Group

Mutares was founded in 2008 by Axel Geuer and Robin Laik in Munich. In 2013, the Mutares Group achieved nine-year sales of €347 million with nine investments. In fiscal 2012, the financial year was changed to the calendar year. Until the short financial year 2012, the financial year ran from April to March. In addition to its headquarters in Munich, Mutares also has offices in London (UK), Paris (France) and Milan (Italy).

* Short fiscal year from April until December. / 2019 - 2024 revenue

Elastomer Solutions (2009)

The Elastomer Solutions Group designs, manufactures and distributes moulded rubber parts for the automotive industry. The group's main product is grommets for protecting wiring looms in automotive on-board electrical systems, such as between vehicle doors and the body. Elastomer supplies these products to customers such as Ford, Opel, Renault and Volvo. Elastomer employs approximately 470 people at a total of six locations in Germany, Portugal, Slovakia, Morocco and Mexico. The Elastomer Solutions Group was acquired from the Diehl Group in August 2009.

Klann Packaging (2011)

Klann is a manufacturer of tinplate packaging. Klann develops and produces promotional and sales packaging from printed tinplate. Among its customers are well-known manufacturers of branded products and retailers from a range of sectors. Klann operates from its headquarters in Landshut, where it employs roughly 100 people. Mutares acquired the Decorative business of the HUBER Packaging Group in June 2011 and renamed it KLANN Packaging.

Eupec (2012)

Eupec is a provider of coatings for oil and gas pipelines. Eupec has three facilities in the Dunkirk region of France, home to roughly 70 employees. Eupec was acquired from Indonesia's Korindo Group in January 2012.

STS Acoustics (2013)

The STS Group designs and manufactures acoustic and thermal insulation in the engine and passenger compartments of vehicles, as well as interior and exterior trim parts for light and heavy-duty trucks and lorries. STS is one of the suppliers to customers such as MAN, Scania and Volvo for trucks and passenger car manufacturers such as Alfa Romeo, Ferrari, Fiat, Jeep and Maserati. Following the successful completion of various add-on acquisitions the STS Group now operates at a total of 16 plants on four continents and currently employs around 2,450 people in total. Mutares acquired the company from the Autoneum Group in July 2013.

Norsilk (2015)

Norsilk is a French manufacturer and dealer of wooden panelling and flooring. Norsilk designs a range of wooden products for gardens and building panelling. Norsilk has a diversified customer structure in the DIY outlet, wholesale and industrial segments. Norsilk has a total of approximately 110 employees working at its facility in Boulleville. Mutares acquired the Finnish Metsä Group's wood business in France in October 2015.

Balcke-Dürr (2016)

Balcke-Dürr is a manufacturer of power station components and filter systems. Balcke-Dürr produces components for improving energy efficiency and reducing emissions in the energy industry. In addition to its corporate headquarters in Düsseldorf, the company operates development centres and production facilities in Germany, Italy, Poland, China and India and employs a total of around 620 people. Mutares acquired international equipment manufacturer Balcke-Dürr from SPX Corporation in December 2016.

Cenpa (2016)

Cenpa is a manufacturer of cardboard made from waste paper. Cenpa is an independent producer of cardboard, and its products are used primarily for tubes, particularly in the hygiene, industrial and packaging sectors. Cenpa has been based in Schweighouse in Alsace, France, since 1893, and employs around 85 people there. Mutares acquired Sonoco Paper France from the US-based Sonoco Products Company in May 2016 before returning the historic name of Cenpa to it shortly thereafter.