Mutares SE & Co. KGaA: Mutares successfully completes the acquisition of the majority stake in Carglass Maison Group from Belron

DGAP-News: Mutares SE & Co. KGaA / Key word(s): Investment/Takeover Mutares SE & Co. KGaA: Mutares successfully completes the acquisition of the majority stake in Carglass Maison Group from Belron 09.04.2021 / 07:25 The issuer is solely responsible for the content of this announcement. Mutares successfully completes the acquisition of the majority stake in Carglass Maison Group from Belron - Co-investment between Mutares and HomeServe France - Strengthening the Goods & Services segment - Company with revenues close to EUR 45 million   Munich/Paris, 9 April 2021 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of the majority stake of 80% of Carglass Maison Group (CGM) from Belron. The transaction is structured as a co-investment with HomeServe France who will own the remaining 20% of the shareholding rights of CGM. The rebranding of the company will take place during the next months. Carglass Maison, based in Tours, France, is a renowned French home repair and emergency specialist. The company targets insurers, assistors, asset managers and private owners through a network of 28 agencies, 300 in-house technicians and 1,200 subcontractors throughout France. Its two main activities are emergency repairs and planned works and renovations. In 2019, CGM completed more than 88,000 orders generating around EUR 45 million in revenues. To support the business with new transformation projects, Mutares has entered into a strategic partnership with HomeServe France, a leading home repair and maintenance specialist. Carglass Maison will benefit from the scope of its service offerings, the current favorable market dynamics, the significant commercial synergies with the HomeServe France network and the investment in new IT tools to improve customer service and order execution. Company profile HomeServe France HomeServe France is a subsidiary of the British company of the same name, which is a world leader in home services, present in 8 countries and listed on the London Stock Exchange. With the mission to simplify home repairs and improvements, HomeServe France has been the leading service company in its market for 20 years. HomeServe offers a range of 3 services on the French market. (I) Home assistance and maintenance policies to anticipate and repair breakdowns in plumbing, electricity, gas, household appliances, connected devices, (II) On Demand services for household maintenance and repairs available on an online platform and (III) HomeServe Energy Services, a subsidiary of HomeServe France, a network of heating professionals for the installation, maintenance and repair of all heating and air conditioning systems. To provide quality service to its customers, HomeServe relies on 4000 qualified professionals. They carry out more than 215,000 jobs each year across France, the equivalent of 1 job every 2 minutes. HomeServe stands out for the quality of its customer service and was elected for the 5th consecutive year Customer Service of the year 2021 in the category "home services". Also recognized for its quality of life at work with the 2019 "Great Place To Work" certification and the 2020 "Best WorkPlaces", HomeServe employs 750 people in France, who are mobilised on a daily basis to satisfy more than 1,2 million customers. 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 [phone] E-mail: [e-mail] www.mutares.de Contact Press CROSS ALLIANCE communication GmbH Susan Hoffmeister Phone [phone] E-mail: [e-mail] www.crossalliance.de Contact for press requests in France CLAI Gaëtan Commault - [e-mail] / [phone] Dorian Masquelier - [e-mail] / [phone]   09.04.2021 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:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
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:	1182598

End of News	DGAP News Service

1182598  09.04.2021