{"id":33385,"date":"2026-05-21T17:29:53","date_gmt":"2026-05-21T15:29:53","guid":{"rendered":"https:\/\/mutares.com\/?p=33385"},"modified":"2026-05-21T17:30:22","modified_gmt":"2026-05-21T15:30:22","slug":"mutares-completes-successful-exit-of-terranor-group-high-demand-among-institutional-investors","status":"publish","type":"post","link":"https:\/\/mutares.com\/en\/mutares-completes-successful-exit-of-terranor-group-high-demand-among-institutional-investors\/","title":{"rendered":"Mutares completes successful exit of Terranor Group \u2013 High demand among institutional investors"},"content":{"rendered":"<ul>\n<li>Mutares sells remaining 46.3% stake in Terranor Group in line with strategy<\/li>\n<li>High demand from international institutional investors<\/li>\n<li>Further cash inflow with ROIC well above target range<\/li>\n<\/ul>\n<p>Munich, May 21, 2026 \u2013 Mutares SE &amp; Co. KGaA (ISIN: DE000A2NB650) successfully sold its remaining 46.3% stake in Terranor Group AB (\u201cTerranor\u201d; ISIN: SE0025159023) to Swedish and international institutional investors as part of a private placement. DNB Carnegie and SB1 Markets acted as Joint Bookrunners on the Sale.<\/p>\n<p>With the placement now complete, Mutares has entirely exited the shareholder base of Terranor Group following the listing of Terranor Group in June 2025 and the gradual reduction of its shareholding in December 2025 and March 2026. Throughout the entire holding period of Terranor Group, Mutares generated total gross proceeds of around EUR 50 million, achieving a ROIC well above the target range.<\/p>\n<p>Mutares acquired the operations of Terranor in Sweden and Finland in 2020 through a carve-out from NCC, followed by the acquisition of the Danish business in 2021. Following the accelerated transformation, Terranor is now showing very strong growth, improved profitability, and a strengthened market position. A key highlight is the record-high order backlog following the 2026 Swedish tender season. Terranor secured 31% of the awarded contract volume in Sweden, further expanding its market share. Terranor benefits substantially from the structural investment backlog in Nordic transport infrastructure. Sweden alone recently increased its road budget for 2026 &#8211; 2037 by 48%. As the only large independent road operations and maintenance specialist in the Nordic region, Terranor holds a highly attractive position in a largely non-cyclical market.<\/p>\n<p>Johannes Laumann, CIO of Mutares, comments: \u201cThe final exit from Terranor Group is in line with Mutares&#8217; strategic approach of divesting investments following a successfully completed operational turnaround. Under Mutares\u2019 ownership, Terranor developed into a profitable scalable infrastructure asset that attracted strong interest from investors. We are pleased to have successfully supported the company\u2019s development while generating further cash inflows and value creation for our shareholders.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mutares sells remaining 46.3% stake in Terranor Group in line with strategy High demand from international institutional investors Further cash inflow with ROIC well above target range Munich, May 21, 2026 \u2013 Mutares SE &amp; Co. KGaA (ISIN: DE000A2NB650) successfully sold its remaining 46.3% stake in Terranor Group AB (\u201cTerranor\u201d; ISIN: SE0025159023) to Swedish and [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[347],"tags":[],"class_list":["post-33385","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Mutares completes successful exit of Terranor Group \u2013 High demand among institutional investors - Mutares SE &amp; Co. KGaA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mutares.com\/en\/mutares-completes-successful-exit-of-terranor-group-high-demand-among-institutional-investors\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mutares completes successful exit of Terranor Group \u2013 High demand among institutional investors\" \/>\n<meta property=\"og:description\" content=\"Mutares sells remaining 46.3% stake in Terranor Group in line with strategy High demand from international institutional investors Further cash inflow with ROIC well above target range Munich, May 21, 2026 \u2013 Mutares SE &amp; Co. KGaA (ISIN: DE000A2NB650) successfully sold its remaining 46.3% stake in Terranor Group AB (\u201cTerranor\u201d; ISIN: SE0025159023) to Swedish and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mutares.com\/en\/mutares-completes-successful-exit-of-terranor-group-high-demand-among-institutional-investors\/\" \/>\n<meta property=\"og:site_name\" content=\"Mutares SE &amp; Co. KGaA\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-21T15:29:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-21T15:30:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mutares.com\/wp-content\/uploads\/2026\/02\/mutares-social-icon.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"WordPress Service\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Mutares1\" \/>\n<meta name=\"twitter:site\" content=\"@Mutares1\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"WordPress Service\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/mutares-completes-successful-exit-of-terranor-group-high-demand-among-institutional-investors\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/mutares-completes-successful-exit-of-terranor-group-high-demand-among-institutional-investors\\\/\"},\"author\":{\"name\":\"WordPress Service\",\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/#\\\/schema\\\/person\\\/527b9edd6203a78e0e954c0f8e84fe69\"},\"headline\":\"Mutares completes successful exit of Terranor Group \u2013 High demand among institutional investors\",\"datePublished\":\"2026-05-21T15:29:53+00:00\",\"dateModified\":\"2026-05-21T15:30:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/mutares-completes-successful-exit-of-terranor-group-high-demand-among-institutional-investors\\\/\"},\"wordCount\":328,\"publisher\":{\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/#organization\"},\"articleSection\":[\"Press Releases\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/mutares-completes-successful-exit-of-terranor-group-high-demand-among-institutional-investors\\\/\",\"url\":\"https:\\\/\\\/mutares.com\\\/en\\\/mutares-completes-successful-exit-of-terranor-group-high-demand-among-institutional-investors\\\/\",\"name\":\"Mutares completes successful exit of Terranor Group \u2013 High demand among institutional investors - Mutares SE &amp; Co. KGaA\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/#website\"},\"datePublished\":\"2026-05-21T15:29:53+00:00\",\"dateModified\":\"2026-05-21T15:30:22+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/mutares-completes-successful-exit-of-terranor-group-high-demand-among-institutional-investors\\\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/mutares.com\\\/en\\\/mutares-completes-successful-exit-of-terranor-group-high-demand-among-institutional-investors\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/mutares-completes-successful-exit-of-terranor-group-high-demand-among-institutional-investors\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Startseite\",\"item\":\"https:\\\/\\\/mutares.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mutares completes successful exit of Terranor Group \u2013 High demand among institutional investors\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/mutares.com\\\/en\\\/\",\"name\":\"Mutares\",\"description\":\"Listed Private Equity Special Situations Investor\",\"publisher\":{\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/mutares.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/#organization\",\"name\":\"Mutares SE & Co. KGaA\",\"url\":\"https:\\\/\\\/mutares.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/mutares.com\\\/wp-content\\\/uploads\\\/2022\\\/02\\\/mutares-logo-1.svg\",\"contentUrl\":\"https:\\\/\\\/mutares.com\\\/wp-content\\\/uploads\\\/2022\\\/02\\\/mutares-logo-1.svg\",\"width\":\"1030\",\"height\":\"1030\",\"caption\":\"Mutares SE & Co. KGaA\"},\"image\":{\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/x.com\\\/Mutares1\",\"https:\\\/\\\/de.linkedin.com\\\/company\\\/mutares-ag\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/#\\\/schema\\\/person\\\/527b9edd6203a78e0e954c0f8e84fe69\",\"name\":\"WordPress Service\",\"sameAs\":[\"https:\\\/\\\/muppet-lab.com\"]}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Mutares completes successful exit of Terranor Group \u2013 High demand among institutional investors - Mutares SE &amp; Co. KGaA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mutares.com\/en\/mutares-completes-successful-exit-of-terranor-group-high-demand-among-institutional-investors\/","og_locale":"en_GB","og_type":"article","og_title":"Mutares completes successful exit of Terranor Group \u2013 High demand among institutional investors","og_description":"Mutares sells remaining 46.3% stake in Terranor Group in line with strategy High demand from international institutional investors Further cash inflow with ROIC well above target range Munich, May 21, 2026 \u2013 Mutares SE &amp; Co. KGaA (ISIN: DE000A2NB650) successfully sold its remaining 46.3% stake in Terranor Group AB (\u201cTerranor\u201d; ISIN: SE0025159023) to Swedish and [&hellip;]","og_url":"https:\/\/mutares.com\/en\/mutares-completes-successful-exit-of-terranor-group-high-demand-among-institutional-investors\/","og_site_name":"Mutares SE &amp; Co. KGaA","article_published_time":"2026-05-21T15:29:53+00:00","article_modified_time":"2026-05-21T15:30:22+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/mutares.com\/wp-content\/uploads\/2026\/02\/mutares-social-icon.jpg","type":"image\/jpeg"}],"author":"WordPress Service","twitter_card":"summary_large_image","twitter_creator":"@Mutares1","twitter_site":"@Mutares1","twitter_misc":{"Written by":"WordPress Service","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/mutares.com\/en\/mutares-completes-successful-exit-of-terranor-group-high-demand-among-institutional-investors\/#article","isPartOf":{"@id":"https:\/\/mutares.com\/en\/mutares-completes-successful-exit-of-terranor-group-high-demand-among-institutional-investors\/"},"author":{"name":"WordPress Service","@id":"https:\/\/mutares.com\/en\/#\/schema\/person\/527b9edd6203a78e0e954c0f8e84fe69"},"headline":"Mutares completes successful exit of Terranor Group \u2013 High demand among institutional investors","datePublished":"2026-05-21T15:29:53+00:00","dateModified":"2026-05-21T15:30:22+00:00","mainEntityOfPage":{"@id":"https:\/\/mutares.com\/en\/mutares-completes-successful-exit-of-terranor-group-high-demand-among-institutional-investors\/"},"wordCount":328,"publisher":{"@id":"https:\/\/mutares.com\/en\/#organization"},"articleSection":["Press Releases"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/mutares.com\/en\/mutares-completes-successful-exit-of-terranor-group-high-demand-among-institutional-investors\/","url":"https:\/\/mutares.com\/en\/mutares-completes-successful-exit-of-terranor-group-high-demand-among-institutional-investors\/","name":"Mutares completes successful exit of Terranor Group \u2013 High demand among institutional investors - Mutares SE &amp; Co. KGaA","isPartOf":{"@id":"https:\/\/mutares.com\/en\/#website"},"datePublished":"2026-05-21T15:29:53+00:00","dateModified":"2026-05-21T15:30:22+00:00","breadcrumb":{"@id":"https:\/\/mutares.com\/en\/mutares-completes-successful-exit-of-terranor-group-high-demand-among-institutional-investors\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mutares.com\/en\/mutares-completes-successful-exit-of-terranor-group-high-demand-among-institutional-investors\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/mutares.com\/en\/mutares-completes-successful-exit-of-terranor-group-high-demand-among-institutional-investors\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Startseite","item":"https:\/\/mutares.com\/en\/"},{"@type":"ListItem","position":2,"name":"Mutares completes successful exit of Terranor Group \u2013 High demand among institutional investors"}]},{"@type":"WebSite","@id":"https:\/\/mutares.com\/en\/#website","url":"https:\/\/mutares.com\/en\/","name":"Mutares","description":"Listed Private Equity Special Situations Investor","publisher":{"@id":"https:\/\/mutares.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/mutares.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/mutares.com\/en\/#organization","name":"Mutares SE & Co. KGaA","url":"https:\/\/mutares.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/mutares.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/mutares.com\/wp-content\/uploads\/2022\/02\/mutares-logo-1.svg","contentUrl":"https:\/\/mutares.com\/wp-content\/uploads\/2022\/02\/mutares-logo-1.svg","width":"1030","height":"1030","caption":"Mutares SE & Co. KGaA"},"image":{"@id":"https:\/\/mutares.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/Mutares1","https:\/\/de.linkedin.com\/company\/mutares-ag"]},{"@type":"Person","@id":"https:\/\/mutares.com\/en\/#\/schema\/person\/527b9edd6203a78e0e954c0f8e84fe69","name":"WordPress Service","sameAs":["https:\/\/muppet-lab.com"]}]}},"_links":{"self":[{"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/posts\/33385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/comments?post=33385"}],"version-history":[{"count":1,"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/posts\/33385\/revisions"}],"predecessor-version":[{"id":33386,"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/posts\/33385\/revisions\/33386"}],"wp:attachment":[{"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/media?parent=33385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/categories?post=33385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/tags?post=33385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}