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OFFON

MUTARES SE & CO. KGAA

(MUX)
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PRESS RELEASE : Mutares SE & Co. KGaA: Sixth buyside transaction in 2021: Mutares acquires Permasteelisa Espa˝a from Permasteelisa Group as add-on for the Donges Group

06/02/2021 | 10:31am EDT
DGAP-News: Mutares SE & Co. KGaA / Key word(s): Takeover/Investment 
Mutares SE & Co. KGaA: Sixth buyside transaction in 2021: Mutares acquires Permasteelisa España from Permasteelisa 
Group as add-on for the Donges Group 
2021-06-02 / 16:30 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
Sixth buyside transaction in 2021: Mutares acquires Permasteelisa España from Permasteelisa Group as add-on for the 
Donges Group 
- First transaction in Spain 
- Leading provider of façade cladding solutions in Iberia 
- Add-on investment for the Donges Group 
- Target company with revenues of approx. EUR 22 million 
Munich/Madrid, 2 June 2021 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire 
Permasteelisa España from Permasteelisa Group. The acquisition is an add-on investment for the existing portfolio 
company Donges Group and the first transaction for Mutares in Spain. The transaction is expected to close in the third 
quarter 2021. 
Permasteelisa España's main activity is the design, engineering, project management, manufacture, installation and 
after-sales service of architectural envelopes. The target company will complement the Donges Group with its in-depth 
know-how and advanced and innovative solutions in the façade market. They contribute their extensive know-how to all 
projects, particularly when it comes to Special Features Buildings and advanced façades. This is a highly synergistic 
acquisition for Donges and will help to drive revenues across all companies of the Group. 
The company operates in Spain and Portugal with headquarter in Madrid. In 2020 the company generated revenues of 
approx. EUR 22 million and employed around 80 people. With more than 50 years of experience and being a key contributor 
to Madrid and Barcelona's skylines, Permasteelisa Spain is a highly regarded player in its market. 
"We are excited to announce our first deal in Spain and see this as a great opportunity to further grow our presence in 
Iberia. Furthermore, this add-on acquisition positions the Donges Group as a truly pan-European one-stop-shop provider 
of complex steel structures, roofing and façades solutions, realizing maximum value," comments Johannes Laumann, CIO of 
Mutares. 
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 
 
=---------------------------------------------------------------------------------------------------------------------- 
2021-06-02 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:  1203305 
 
End of News   DGAP News Service 
=------------ 

1203305 2021-06-02

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1203305&application_name=news 
 

(END) Dow Jones Newswires

June 02, 2021 10:30 ET (14:30 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.37% 34930.27 Delayed Quote.14.83%
MUTARES SE & CO. KGAA 0.44% 22.95 Delayed Quote.45.54%
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Financials
Sales 2021 2 600 M 3 077 M 3 077 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 345 M 407 M 408 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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