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Mutares (FRA: MUX)

Last close As at 17/04/2024

EUR40.20

▲ 0.35 (0.88%)

Market capitalisation

EUR847m

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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Investment Companies | edison tv

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

Investment Companies | edison tv

Mutares – executive interview

Industrials | Update

Mutares — Thinking bigger

Industrials | Update

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 18.2 20.9 90.5
Relative 19.3 11.8 69.3
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.

Research

edison tv

Investment Companies

Mutares – executive interview

Update

Industrials

Mutares — Thinking bigger

Investment Companies

edison tv

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

Update

Industrials

Mutares — Capturing the opportunities

edison tv

Industrials

Mutares – executive interview

Update

Industrials

Mutares — Rapidly expanding portfolio

Update

Industrials

Mutares — Opportunities in a distressed environment

edison tv

Industrials

Executive interview – Mutares at EKF 2019

Update

Industrials

Mutares — Seven months, seven acquisitions

Update

Industrials

Mutares — Focus on engineering & technology

edison tv

Industrials

Executive Interview – Mutares
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Further insights

insight

Investment Companies

Mutares: EKF 2023 QuickView

Analyst of the week

Natalya Davies

Natalya Davies

Analyst

ndavies@edisongroup.com 020 3077 5700
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Deutsches Eigenkapitalforum (EKF) 2023 industrials

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