Mutares

Overview
Price performance
Financials
Research
Sector insights
Thematics

Founded in 2008, Mutares acquires companies in special situations that are underperforming and can be turned around through financial and operational restructuring. It currently owns multiple companies across four segments (goods and services, retail and food, automotive and mobility, engineering and technology). Mutares was admitted to the small-cap index (SDAX) of Deutsche Börse in December 2023.

Latest Insights

Investment Companies |
edison tv

14.09.23

Vantage: Mastering turnarounds, a conversation with Johannes Laumann from Mutares

Investment Companies |
edison tv

02.06.23

Mutares – executive interview

Industrials |
Update

21.09.21

Mutares — Thinking bigger

Industrials |
Update

22.04.21

Mutares — Capturing the opportunities

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Sector

Industrials

Key Management

Mark Friedrich

CFO
Robin Laik

CEO

Share Price Performance

Price Performance
%	1M	3M	12M
Actual	17.3	15.8	93.1
Relative	19.6	9.3	71.1
52 week high/low	€41.7/€20.9

Financials

Mutares (MUX) predominantly invests in corporate carve-outs (80%+ of all deals) where it seeks to drive an operational turnaround, and often also executes a ‘buy-and-build’ strategy. MUX looks for companies with an annual turnover of €100–750m, with its ‘sweet spot’ in the range of €200–300m generated across multiple production sites. Its focus is on four major sectors: automotive & mobility (which is early-cycle), engineering and technology (project-driven, late-cycle), goods and services (considered non-cyclical) and retail and food (cyclical). MUX’s portfolio as at October 2023 consisted of 29 companies (including signed transactions) across Europe with more than 27,000 employees worldwide and annualised revenues of more than c €6bn.