Log in
E-mail
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 successfully closed the acquisition of Lapeyre SAS and its subsidiaries in France from Saint-Gobain

06/01/2021 | 11:41am EDT

DGAP-News: Mutares SE & Co. KGaA / Key word(s): Takeover/Investment
Mutares SE & Co. KGaA: Mutares successfully closed the acquisition of Lapeyre SAS and its subsidiaries in France from Saint-Gobain

01.06.2021 / 17:40
The issuer is solely responsible for the content of this announcement.


Mutares successfully closed the acquisition of Lapeyre SAS and its subsidiaries in France from Saint-Gobain

- Biggest transaction in Mutares history strengthens successful growth path

- Target Company with revenues of more than EUR 600 million

- Manufacturer and distributor of home improvement products

Munich/Paris, 1 June 2021 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully closed the acquisition of Lapeyre SAS and its subsidiaries from Saint-Gobain, a manufacturer and distributor of home improvement products on the French market.

The acquisition marks the biggest transaction in the Mutares history with a size of over EUR 600 million in revenues. Lapeyre will strengthen the Goods & Services segment as a new platform investment. The company manufactures and distributes home improvement products for the exterior and interior, such as windows, doors, kitchens and bathroom furniture. The company operates 10 factories, supplying an extensive network of 131 shops in France. This historic brand is well known in the French market and is daily promoted by its 3,400 employees.

The company's vertically integrated model from production to distribution enables innovation, competitiveness and the rapid introduction of new products to the market. With Marc Ténart, as newly appointed President of the Group, Lapeyre will capitalize on its fundamental strengths and profitably develop its product range and network. He further comments: "Lapeyre is a historic player in the home improvement sector, which has developed over the years unique know-how in the manufacture and marketing of home improvement products. With all its employees we share a common desire: to relaunch Lapeyre and define new development prospects in a resilient market."

"For Mutares, this transaction marks a step up of Mutares France and proves our ability to close larger deals and to be a trusted party for large corporates like Saint-Gobain. We are confident to now define the necessary actions for the success of Lapeyre," comments Johannes Laumann, CIO of Mutares.

Company profile Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (www.mutares.de), 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



01.06.2021 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: 1203278

 
End of News DGAP News Service

1203278  01.06.2021 

fncls.ssp?fn=show_t_gif&application_id=1203278&application_name=news&site_id=zonebourse_sftp

ę EQS 2021
All news about MUTARES SE & CO. KGAA
02:08aMUTARES : Sells Three Units To LiCap
MT
07/30MUTARES : has successfully sold TréfilUnion, EUPEC and La Meusienne
PU
07/30PRESS RELEASE : Mutares SE & Co. KGaA: Mutares has successfully sold TréfilUnion..
DJ
07/30MUTARES SE & CO. KGAA : Mutares has successfully sold TréfilUnion, EUPEC and La ..
EQ
07/30Frank Richter completed the acquisition of TréfilUnion, Eupec Pipecoatings Fr..
CI
07/29MUTARES : Completes Sale of Subsidiary Cenpa
MT
07/29MUTARES : has successfully sold Cenpa to Accursia Capital
PU
07/29PRESS RELEASE : Mutares SE & Co. KGaA: Mutares has successfully sold Cenpa to Ac..
DJ
07/29MUTARES SE & CO. KGAA : Mutares has successfully sold Cenpa to Accursia Capital
EQ
07/29Accursia Capital GmbH completed the acquisition of Cenpa, SA from Mutares SE ..
CI
More news
Financials
Sales 2021 2 600 M 3 088 M 3 088 M
Net income 2021 206 M 245 M 245 M
Net Debt 2021 130 M 155 M 155 M
P/E ratio 2021 2,11x
Yield 2021 6,20%
Capitalization 349 M 413 M 414 M
EV / Sales 2021 0,18x
EV / Sales 2022 0,17x
Nbr of Employees 12 000
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
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 23,20 €
Average target price 28,25 €
Spread / Average Target 21,8%
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. KGAA47.77%413
THE BLACKSTONE GROUP INC.77.86%83 049
KKR & CO. INC.57.47%37 094
LEGAL & GENERAL PLC-1.80%21 572
AMUNDI16.62%18 657
THE CARLYLE GROUP INC.60.53%17 890