Mutares (FRA: MUX)

Last close As at 20/06/2024

EUR33.50

−0.80 (−2.33%)

Market capitalisation

EUR706m

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

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Key Management

  • Mark Friedrich

    CFO

  • Robin Laik

    CEO

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (20.8) (1.5) 32.7
Relative (18.0) (1.9) 19.0
52 week high/low €43.5/€21.4

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.

Research

Update

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Mutares — Thinking bigger

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Mutares — Capturing the opportunities

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Industrials

Mutares – executive interview

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Mutares — Rapidly expanding portfolio

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Mutares — Opportunities in a distressed environment

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Executive interview – Mutares at EKF 2019

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Mutares — Seven months, seven acquisitions

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Mutares — Focus on engineering & technology

Further insights

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Investment Companies

Mutares: EKF 2023 QuickView

Thematics

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Deutsches Eigenkapitalforum (EKF) 2023 industrials

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