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MUTARES SE & CO. KGAA

(MUX)
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Mutares SE & Co. KGaA: Eighth buyside transaction in 2021: Mutares acquires Ganter Construction & Interiors GmbH from MIGATI Beteiligungsgesellschaft mbH

07/13/2021 | 01:31am EDT

DGAP-News: Mutares SE & Co. KGaA / Key word(s): Takeover/Investment
Mutares SE & Co. KGaA: Eighth buyside transaction in 2021: Mutares acquires Ganter Construction & Interiors GmbH from MIGATI Beteiligungsgesellschaft mbH

13.07.2021 / 07:30
The issuer is solely responsible for the content of this announcement.


Eighth buyside transaction in 2021: Mutares acquires Ganter Construction & Interiors GmbH from MIGATI Beteiligungsgesellschaft mbH

  • Eighth acquisition in 2021
  • Target company with revenues of approx. EUR 110 million
  • Provider of interior construction and fitting

Munich, 13 July 2021 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire Ganter Construction & Interiors GmbH from MIGATI Beteiligungsgesellschaft mbH. The closing of the transaction is expected in the third quarter of 2021.

The company headquartered in Waldkirch, close to Stuttgart, Germany, employs around 200 people and generates revenues of approx. EUR 110 million in the interior construction industry. It operates further locations in Italy, France and Switzerland. As a new platform investment, the acquisition will strengthen the Goods & Services segment within the Mutares portfolio and bring cross selling opportunities within the existing portfolio.

Ganter Construction & Interiors GmbH offers products and services for the retail, commercial and residential sector, such as interior fittings, conceptual interior design and planning, new building interior construction and renovations. Their customers include amongst others, architects, hotels, offices, restaurants, luxury brands and private property owners.

Johannes Laumann, CIO of Mutares, comments: "This acquisition perfectly fits our investment criteria. It has a strong brand and established business model. I am confident that we can build on this and ensure the longevity of the company."

Company profile Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (www.mutares.com), as a listed private equity holding company with offices in Munich (HQ), Frankfurt, London, Madrid, Milan, Paris, Stockholm and Vienna, acquires medium-sized companies and parts of larger groups with headquarters in Europe that show a clear potential for operational improvement and are sold again after undergoing a repositioning and stabilization process. Mutares actively supports and develops its portfolio companies with its own investment and consulting teams as well as through acquisitions of strategic add-ons. With for aim a ROIC (Return on Invested Capital) of 7 to 10 times on the total investment with a focus on sustainable growth of the portfolio companies. In 2020, Mutares SE & Co. KGaA generated consolidated revenues of approx. EUR 1.6 billion employing more than 12,000 people worldwide. Based on this, consolidated revenues are expected to increase to approximately EUR 3.0 billion by 2023. Mutares is strongly committed to a sustainable dividend policy consisting of a base dividend and a performance dividend. The shares of Mutares SE & Co. KGaA are listed on the Frankfurt Stock Exchange under the ticker symbol "MUX" (ISIN: DE000A2NB650).

For more information, please contact:

Mutares SE & Co. KGaA
Investor Relations
Phone +49 89 9292 7760
E-mail: ir@mutares.de
www.mutares.de

Contact Press
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone +49 89 125 09 0333
E-mail: sh@crossalliance.de
www.crossalliance.de

Contact for press requests in France
CLAI
Gaëtan Commault - gaetan.commault@clai2.com / +33 06 99 37 65 64
Dorian Masquelier - dorian.masquelier@clai2.com / +33 07 77 26 24 57

 



13.07.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Mutares SE & Co. KGaA
Arnulfstr.19
80335 Munich
Germany
Phone: +49 (0)89-9292 776-0
Fax: +49 (0)89-9292 776-22
E-mail: ir@mutares.de
Internet: www.mutares.de
ISIN: DE000A2NB650
WKN: A2NB65
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1217860

 
End of News DGAP News Service

1217860  13.07.2021 

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