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Mutares (FRA: MUX)

Last close As at 04/11/2024

EUR24.30

▲ −0.05 (−0.21%)

Market capitalisation

EUR520m

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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edison tv

Edison Growth Conference panel – 2024: The year of M&A?

Investment Companies | edison tv

Vantage: Turnaround titan – learning about Mutares’s success and ambitions with CEO Robin Laik

Investment Companies | edison tv

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

Investment Companies | edison tv

Mutares – executive interview
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Sector

Industrials

Equity Analyst

Milosz Papst

Milosz Papst

Head of Content, Investment Trusts

Key Management

  • Mark Friedrich

    CFO

  • Robin Laik

    CEO

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 15.7 (23.9) (13.7)
Relative 17.2 (26.2) (33.0)
52 week high/low €43.5/€21.1

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

Vantage: Turnaround titan – learning about Mutares’s success and ambitions with CEO Robin Laik

edison tv

Investment Companies

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

edison tv

Edison Growth Conference panel – 2024: The year of M&A?

edison tv

Investment Companies

Mutares – executive interview

Update

Industrials

Mutares — Thinking bigger

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
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Further insights

insight

Investment Companies

Mutares: EKF 2023 QuickView

Thematics

thematic

Industrials

The art of measurement – Challenges in metrology

thematic

Industrials

Deutsches Eigenkapitalforum (EKF) 2023 industrials

thematic

Industrials

The long and winding road

thematic

Industrials

Quantum computing: A booming industry
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