Third acquisition in 2024: Mutares has signed an agreement to acquire Eltel Networks Energetyka S.A. and Eltel Networks Engineering S.A. from Eltel AB

  • First deal in Poland strengthening the Good & Services segment as a new platform
  • Leading providers of electrical power engineering & construction services in Poland
  • Revenues of approx. EUR 36 million in 2023
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Mutares with successful fiscal year 2023: Net income of Mutares Holding increases to EUR 102.5 million – dividend of EUR 2.25 per share planned

  • Net income of Mutares Holding for fiscal year 2023 increases by 41% to EUR 102.5 million (previous year: EUR 72.9 million); Revenues of Mutares Holding grow by 46% to EUR 103.6 million (previous year: EUR 71.1 million)
  • Dividend planned to increase by 29% to EUR 2.25 per share for fiscal year 2023 (previous year: EUR 1.75)
  • Group revenues increase by 25% to EUR 4,689.1 million (previous year: EUR 3,751.7 million), Group EBITDA at EUR 756.9 million (previous year: EUR 181.5 million), boosted by effects from the transactions
  • Adjusted EBITDA of EUR 3.5 million (previous year: EUR -32.7 million) reflects the progress made in restructuring and developing the portfolio
  • Early refinancing and placement of a new senior secured floating rate bond with a current total volume of EUR 250 million
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Second acquisition in 2024: Mutares has signed an agreement for the transfer of Magirus from Iveco Group

  • Well-known provider of vehicles, ladders and other products and related aftersales services in the firefighting and disaster control markets
  • New platform investment to strengthen the Goods & Services segment
  • Revenues over EUR 300 million
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Mutares has successfully sold its portfolio company Frigoscandia to Dachser

  • Successful turnaround and repositioning of Frigoscandia
  • Significant contribution to Mutares-Holding net income for fiscal year 2024
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Mutares has successfully completed the acquisition of Temakinho from Cigierre S.p.A., controlled by BC Partners

  • Well-known restaurant chain offering Japanese-Brazilian cuisine through premium locations
  • Strengthening the Retail & Food segment as new platform
  • Revenues of approx. EUR 20 million with excellent growth opportunities
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First acquisition in 2024: Mutares has signed an agreement to acquire Temakinho from Cigierre S.p.A., controlled by BC Partners

  • Well-known restaurant chain offering Japanese-Brazilian cuisine through premium locations
  • Strengthening the Retail & Food segment as new platform
  • 10 directly managed restaurants (“DOS”) plus franchising restaurants in Italy and abroad
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Mutares positions newly formed HILO Group as system supplier of high-quality automotive technology

  • HILO Group acts as new holding company for the global business of supplying hinge and locking systems for OEMs within the Mutares portfolio
  • Global player with approx. EUR 350 million in revenues planned for the fiscal year 2024 and 1,500 employees at 10 locations worldwide
  • Significant synergy potential in sales and increase of operational excellence while ensuring cost efficiency and competitive prices
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Mutares places second tap issue of its bond issued in March 2023 with a volume of EUR 100 million and strengthens basis for further development

  • Successful capital market transaction thanks to optimal market conditions
  • Investors convinced by Mutares’ attractive transaction pipeline and track record
  • Strengthening further growth opportunities for Mutares
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First exit in 2024: Mutares has successfully sold VALTI to the company’s management

Munich, January 5, 2024 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully sold its portfolio company VALTI to the company’s management. VALTI is a European manufacturer of seamless high-precision steel tubes serving the bearing manufacturer industry as well as a large mechanical base. Headquartered in Montbard, France, the company employs around 160 people […]

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Mutares has successfully completed the acquisition of PRINZ Kinematics GmbH from AL-KO

  • Leading global automotive supplier of high-quality kinematic systems for OEMs
  • New add-on investment strengthening the KICO & ISH Group as system supplier of high-quality automotive technology
  • Revenues of approx. EUR 55 million in 2022
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