Mutares SE & Co. KGaA: Mutares successfully completes the acquisition of the majority stake in Carglass Maison Group from Belron
DGAP-News: Mutares SE & Co. KGaA
/ Key word(s): Investment/Takeover
Mutares successfully completes the acquisition of the majority stake in Carglass Maison Group from Belron - Co-investment between Mutares and HomeServe France - Strengthening the Goods & Services segment - Company with revenues close to EUR 45 million
Munich/Paris, 9 April 2021 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of the majority stake of 80% of Carglass Maison Group (CGM) from Belron. The transaction is structured as a co-investment with HomeServe France who will own the remaining 20% of the shareholding rights of CGM. The rebranding of the company will take place during the next months. To support the business with new transformation projects, Mutares has entered into a strategic partnership with HomeServe France, a leading home repair and maintenance specialist. Carglass Maison will benefit from the scope of its service offerings, the current favorable market dynamics, the significant commercial synergies with the HomeServe France network and the investment in new IT tools to improve customer service and order execution. Company profile HomeServe France HomeServe France is a subsidiary of the British company of the same name, which is a world leader in home services, present in 8 countries and listed on the London Stock Exchange. With the mission to simplify home repairs and improvements, HomeServe France has been the leading service company in its market for 20 years. HomeServe offers a range of 3 services on the French market. Company profile Mutares SE & Co. KGaA Mutares SE & Co. KGaA, Munich (www.mutares.com), as a listed private equity holding company with offices in Munich (HQ), Frankfurt, London, Madrid, Milan, Paris, Stockholm and Vienna, acquires medium-sized companies and parts of larger groups with headquarters in Europe that show a clear potential for operational improvement and are sold again after undergoing a repositioning and stabilization process. Mutares actively supports and develops its portfolio companies with its own investment and consulting teams as well as through acquisitions of strategic add-ons. With for aim a ROIC (Return on Invested Capital) of 7 to 10 times on the total investment with a focus on sustainable growth of the portfolio companies. In 2020, Mutares SE & Co. KGaA generated consolidated revenues of approx. EUR 1.6 billion employing more than 12,000 people worldwide. Based on this, consolidated revenues are expected to increase to approximately EUR 3.0 billion by 2023. Mutares is strongly committed to a sustainable dividend policy consisting of a base dividend and a performance dividend. The shares of Mutares SE & Co. KGaA are listed on the Frankfurt Stock Exchange under the ticker symbol "MUX" (ISIN: DE000A2NB650). For more information, please contact: Contact Press Contact for press requests in France
09.04.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | Mutares SE & Co. KGaA |
Arnulfstr.19 | |
80335 Munich | |
Germany | |
Phone: | +49 (0)89-9292 776-0 |
Fax: | +49 (0)89-9292 776-22 |
E-mail: | ir@mutares.de |
Internet: | www.mutares.de |
ISIN: | DE000A2NB650 |
WKN: | A2NB65 |
Indices: | Scale 30 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1182598 |
End of News | DGAP News Service |
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1182598 09.04.2021