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OFFON

MUTARES SE & CO. KGAA

(MUX)
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PRESS RELEASE: Mutares SE & Co. KGaA: Mutares successfully closed the acquisition of Lapeyre SAS and its subsidiaries in France from Saint-Gobain

06/01/2021 | 11:42am 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 
2021-06-01 / 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 
=---------------------------------------------------------------------------------------------------------------------- 
2021-06-01 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 2021-06-01

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1203278&application_name=news 
 

(END) Dow Jones Newswires

June 01, 2021 11:41 ET (15:41 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
BIKE24 HOLDING AG 0.11% 17.65 Delayed Quote.0.00%
DJ INDUSTRIAL -0.24% 35058.52 Delayed Quote.14.83%
MUTARES SE & CO. KGAA 1.75% 23.25 Delayed Quote.45.54%
SAINT-GOBAIN 0.72% 58.59 Real-time Quote.55.17%
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Financials
Sales 2021 2 600 M 3 075 M 3 075 M
Net income 2021 206 M 244 M 244 M
Net Debt 2021 130 M 154 M 154 M
P/E ratio 2021 2,08x
Yield 2021 6,29%
Capitalization 343 M 406 M 406 M
EV / Sales 2021 0,18x
EV / Sales 2022 0,16x
Nbr of Employees 12 000
Free-Float 57,0%
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Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 22,85 €
Average target price 28,25 €
Spread / Average Target 23,6%
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
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