€200.5m market cap

€12.94 last close

Founded and listed in 2008, Mutares acquires special situation companies that are underperforming and can be turned around through financial and operational restructuring. It owns multiple companies across three focus industries.

Investment summary

Mutares (MUX) specialises in restructuring distressed companies and has been very active in M&A this year, with eight deals announced to date. It has concluded two platform investments in the automotive and mobility segment and acquired three goods and services platforms. This provides additional diversification following the stronger focus on expanding the engineering and technology business in FY18. That said, the latter remains MUX’s key value driver for now (64% of NAV at end-June 2019) and was further expanded by three add-on acquisitions to Donges Group completed so far in FY19.

Share price graph
Price performance
Actual 11.7 31.8 39.1
Relative* 9.8 22.9 15.1
52-week high/low €13.6/€8.2
*% relative to local index
Key management
Corinna Lumpp Manager Strategy & IR

Content on Mutares