Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MUTARES SE & CO. KGAA

(MUX)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Mutares SE & Co. KGaA: Mutares has successfully sold TréfilUnion, EUPEC and La Meusienne

07/30/2021 | 12:01pm EDT

DGAP-News: Mutares SE & Co. KGaA / Key word(s): Disposal
Mutares SE & Co. KGaA: Mutares has successfully sold TréfilUnion, EUPEC and La Meusienne

30.07.2021 / 18:00
The issuer is solely responsible for the content of this announcement.


Mutares has successfully sold TréfilUnion, EUPEC and La Meusienne

Munich, 30 July 2021 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully sold its subsidiaries TréfilUnion, EUPEC and La Meusienne to LiCap GmbH, investment vehicle of Prof. Dr. Frank Richter, entrepreneur and co-founder of Swiss Global Investment Group AG.

Mutares takes a further step in consolidating its portfolio by selling the companies to LiCap GmbH who will benefit from the combination of the three companies by leveraging on shared synergies. This acquisition is also an opportunity to further capitalize on three companies already sharing some of their Management teams, operations and support functions, working together on a daily basis. Together they generate revenues of approx. EUR 80 million and employ around 280 people.

LiCap GmbH and Prof. Dr. Frank Richter are considered suitable partners to continue the next challenge and execute the companies' development plans while realizing untapped synergies of such a combination of assets.

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

 



30.07.2021 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: 1222779

 
End of News DGAP News Service

1222779  30.07.2021 

fncls.ssp?fn=show_t_gif&application_id=1222779&application_name=news&site_id=zonebourse_sftp

© EQS 2021
All news about MUTARES SE & CO. KGAA
09/16MUTARES : Targets $5.9 Billion Group Sales for 2023
MT
09/16MUTARES : gives a detailed insight into the accelerated growth plans at the Capital Market..
PU
09/16MUTARES : gives a detailed insight into the accelerated growth plans at the Capital Market..
EQ
09/16PRESS RELEASE : Mutares SE & Co. KGaA gives a detailed insight into the accelerated growth..
DJ
09/09MUTARES : Earnings Report for Mutares SE & Co. KGaA for H1 2021
PU
09/07MUTARES : Increased guidance until 2023 with target of EUR 5 billion for Group revenues an..
PU
09/07MUTARES : Presentation Earnings Call for H1 2021
PU
09/07MUTARES WITH HIGH MOMENTUM : Record revenues in the first half of 2021 and increased guida..
PU
09/07MUTARES WITH HIGH MOMENTUM : Record revenues in the first half of 2021 and increased guida..
EQ
09/07PRESS RELEASE : Mutares with high momentum: Record revenues in the first half of 2021 and ..
DJ
More news
Financials
Sales 2021 2 238 M 2 623 M 2 623 M
Net income 2021 237 M 277 M 277 M
Net Debt 2021 130 M 152 M 152 M
P/E ratio 2021 1,77x
Yield 2021 5,95%
Capitalization 421 M 493 M 493 M
EV / Sales 2021 0,25x
EV / Sales 2022 0,16x
Nbr of Employees 15 515
Free-Float 57,0%
Chart MUTARES SE & CO. KGAA
Duration : Period :
Mutares SE & Co. KGaA Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MUTARES SE & CO. KGAA
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Last Close Price 27,30 €
Average target price 31,38 €
Spread / Average Target 14,9%
EPS Revisions
Managers and Directors
Robin Laik Chief Executive Officer
Mark Friedrich Chief Financial Officer
Volker Rofalski Chairman-Supervisory Board
Christian Bardorsch Manager-Information Technology
Kristian Schleede Chief Operating & Restructuring Officer
Sector and Competitors
1st jan.Capi. (M$)
MUTARES SE & CO. KGAA73.89%493
BLACKSTONE INC.93.03%82 137
KKR & CO. INC.53.20%36 165
LEGAL & GENERAL PLC4.70%22 610
AMUNDI11.15%17 600
THE CARLYLE GROUP INC.53.66%17 247