Mutares has successfully completed the acquisition of 83.08% equity of the TeamTex group from Nania Developpement and Crédit Mutuel Equity

• Manufacturer of child restraint systems, through plastic injection moulding and blow moulding
• New platform acquisition to strengthen the Retail & Food segment
• Revenues of approx. EUR 80 million in 2022

Munich, December 19, 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of 83.08% of TeamTex Management and its subsidiaries (“TeamTex”) from Nania Developpement and Crédit Mutuel Equity. The transaction will further strengthen the Retail & Food segment as a new platform acquisition.

Headquartered in Charvieu-Chavagneux, France, with around 250 employees, TeamTex manufactures child restraint systems (car seats and accessories) through plastic injection moulding and blow moulding. With EUR 80 million in revenues in FY22 and a manufacturing capacity of over 17,000 units per day, the company is a leader in its industry. The products are distributed through sales points in over 56 countries, either directly or through local distributors. The company sells child restraint systems under its own brand NANIA, but also under private labels for some of its retail customers and importers or under licensing brands, such as Disney. With the establishment of subsidiaries in the United Kingdom and Brazil, TeamTex has oriented itself towards international markets.

With this acquisition, Mutares intends to grow its exposure to the manufacturing and distribution of products for children and families. Alongside the Nania family, efforts will be made to grow the business in France and internationally, with a significant focus on quality, safety and customer service. Mutares also expect to further develop commercial relationships between TeamTex and its other portfolio company Prénatal in the Netherlands.