MUX mutares AG

DGAP-News: Mutares SE & Co. KGaA: Expected second Exit in 2021: Mutares signed agreement to sell its shares in STS Group AG

DGAP-News: Mutares SE & Co. KGaA / Key word(s): Disposal/Investment
Mutares SE & Co. KGaA: Expected second Exit in 2021: Mutares signed agreement to sell its shares in STS Group AG

11.03.2021 / 07:53
The issuer is solely responsible for the content of this announcement.


Expected second Exit in 2021: Mutares signed agreement to sell its shares in STS Group AG

- Adler Pelzer Group to acquire Mutares 73.25% stake in STS Group AG

- Share Price offer of EUR 7.00 will lead to fourth Transaction in 2021

- Fulfilment of existing Mutares Shareholder Debt guaranteed

- Transaction subject to approval of Adler Pelzer Group Financiers and Merger Control Approvals


Munich, March 11, 2021 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement with Adler Pelzer Group to take over its shares in STS Group AG (ISIN: DE000A1TNU68).

Mutares SE & Co. KGaA signed an agreement to divest its stake in STS Group AG to Adler Pelzer Group following its best owner principle. The transaction includes the shares and the full business operations of Plastics and Materials in Europe, China and the US. The company will be part of the Adler Pelzer Plastics division and continue to serve its customer best in class.

STS Group AG was acquired in 2013 from Autoneum Group and has undergone a successful turnaround following a buy-and-build strategy. In 2018, STS Group AG marked an IPO. Mutares has remained the major shareholder since then.

The transaction is subject to positive merger control opinion and external financing confirmation from Adler Pelzer Group. A closing of the transaction is expected in H1 2021. The purchase price is set as EUR 7.00 per share of STS Group AG. Adler Pelzer Group has further undertaken the obligation to ensure that all loans granted to STS Group AG by Mutares will be fulfilled by December 31, 2021.

"With the potential closing of this transaction, this exit marks a highlight in the Mutares history. The investment in STS Group AG will be the most successful in Mutares history and has sustainably shown that our business model, as well as our buy-and-build approach, was successfully executed. We are proud to have built up this Group, which will now be placed in good hands following our best owner principle," says Robin Laik, CEO and founder.

 

Company profile Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (), as a listed private equity holding company with offices in Munich (HQ), Frankfurt, Helsinki, 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 expects generated consolidated revenues of approx. EUR 1.8 billion employing more than 15,000 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 following the past years. The shares of Mutares SE & Co. KGaA are listed on the Frankfurt Stock Exchange under the ticker symbol "MUX" (ISIN: ).

For further information please contact:

Mutares SE & Co. KGaA
Investor Relations

Tel. 0
Email:

Contact for press requests
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Tel. 30
Email:

Contact for press requests in France
CLAI
Gaëtan Commault - / 64
Dorian Masquelier - / 57



11.03.2021 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


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:
Internet:
ISIN: DE000A2NB650
WKN: A2NB65
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1174129

 
End of News DGAP News Service

1174129  11.03.2021 

fncls.ssp?fn=show_t_gif&application_id=1174129&application_name=news&site_id=research_pool
EN
11/03/2021

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on mutares AG

 PRESS RELEASE

EQS-News: Mutares SE & Co. KGaA: Portfolio company Alcura France has r...

EQS-News: Mutares SE & Co. KGaA / Key word(s): Investment Mutares SE & Co. KGaA: Portfolio company Alcura France has received an irrevocable offer for the acquisition of its care services activity 01.04.2025 / 08:08 CET/CEST The issuer is solely responsible for the content of this announcement. Mutares SE & Co. KGaA: Portfolio company Alcura France has received an irrevocable offer for the acquisition of its care services activity Munich, April 1, 2025 – Alcura France, a 100% subsidiary of Mutares SE & Co. KGaA (ISIN: ), has received an irrevocable offer for the acquis...

 PRESS RELEASE

EQS-News: Mutares SE & Co. KGaA: Portfoliounternehmen Alcura France ha...

EQS-News: Mutares SE & Co. KGaA / Schlagwort(e): Beteiligung/Unternehmensbeteiligung Mutares SE & Co. KGaA: Portfoliounternehmen Alcura France hat ein unwiderrufliches Angebot für den Verkauf seines Care-Services-Geschäfts erhalten 01.04.2025 / 08:08 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Mutares SE & Co. KGaA: Portfoliounternehmen Alcura France hat ein unwiderrufliches Angebot für den Verkauf seines Care-Services-Geschäfts erhalten München, 1. April 2025 – Alcura France, eine 100%ige Tochtergesellschaft der Mutares SE & Co....

 PRESS RELEASE

EQS-News: Mutares has completed the acquisition of GDL Anläggning & Mi...

EQS-News: Mutares SE & Co. KGaA / Key word(s): Takeover/Investment Mutares has completed the acquisition of GDL Anläggning & Miljö AB from GDL Transport Holding AB 28.02.2025 / 18:00 CET/CEST The issuer is solely responsible for the content of this announcement. Mutares has completed the acquisition of GDL Anläggning & Miljö AB from GDL Transport Holding AB New platform investment to strengthen the Goods & Services segment Provider of services in environmental and recycling, transport and ballast, and machine rental services Approx. EUR 100 million in revenues in FY 20...

 PRESS RELEASE

EQS-News: Mutares hat die Übernahme von GDL Anläggning & Miljö AB von ...

EQS-News: Mutares SE & Co. KGaA / Schlagwort(e): Firmenübernahme/Beteiligung/Unternehmensbeteiligung Mutares hat die Übernahme von GDL Anläggning & Miljö AB von GDL Transport Holding AB abgeschlossen 28.02.2025 / 18:00 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Mutares hat die Übernahme von GDL Anläggning & Miljö AB von GDL Transport Holding AB abgeschlossen Neue Plattform-Investition zur Stärkung des Segments Goods & Services Anbieter von Dienstleistungen in den Bereichen Umwelt und Recycling, Transport und Ballast sowie Masch...

 PRESS RELEASE

EQS-News: Mutares unterzeichnet Vereinbarung zur Übernahme von NBHX Tr...

EQS-News: Mutares SE & Co. KGaA / Schlagwort(e): Beteiligung/Unternehmensbeteiligung/Firmenübernahme Mutares unterzeichnet Vereinbarung zur Übernahme von NBHX Trim Europe von Ningbo Lawrence Automotive Interiors Co., Ltd. 26.02.2025 / 13:59 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Mutares unterzeichnet Vereinbarung zur Übernahme von NBHX Trim Europe von Ningbo Lawrence Automotive Interiors Co., Ltd. Führender europäischer Anbieter von dekorativen Oberflächen für den Premium-Automobil-Innenraum Add-on-Akquisition für Matikon z...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch