Eleventh acquisition 2021: Mutares acquires Allianceplus AB (Sweden) from Allianceplus Holding A / S
DGAP News: Mutares SE & Co. KGaA / Keywords: Investment / Takeover
Eleventh acquisition 2021: Mutares acquires Allianceplus AB (Sweden) from Allianceplus Holding A / S
08.11.2021 / 12:00
The issuer is solely responsible for the content of this notice.
Eleventh acquisition 2021: Mutares acquires Allianceplus AB (Sweden) from Allianceplus Holding A / S
- Further expansion in the Nordic region
- Strengthening the goods and services segment
- Revenues of approx. 27 million euros
- Service provider in the Swedish Soft Facility Management industry
Munich, 8 November 2021 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire Allianceplus AB from Allianceplus Holding A / S, ultimately owned by Polaris Private Equity. The company will strengthen the goods and services segment as a new platform investment with several additional opportunities in the Nordic region and the European mainland. The transaction is expected to be completed during the fourth quarter of 2021.
Allianceplus AB is active in soft facility management. The company is headquartered in Stockholm and offers its services throughout Sweden with a primary focus on Greater Stockholm, Gothenburg and Malmö. Allianceplus AB generated approx. EUR 27 million in revenue and employed over 500 people by 2020.
With this transaction, Mutares further expands and strengthens its presence in the Nordic region. Johannes Laumann, CIO of Mutares SE & Co. KGaA comments: “We are pleased to welcome Allianceplus AB to our portfolio and are committed to driving the continued growth of the company as well as our Nordic Mutares Operations team. Following the successful capital increase, this recruitment marks the next step in our promised performance, after our DNA that we keep promises, words and positions, professionally and personally. “
Company Profile of Mutares SE & Co. KGaA
Mutares SE & Co. KGaA, Munich (www.mutares.com), as a listed private equity holding company with offices in Munich (HQ), Amsterdam, Frankfurt, London, Madrid, Milan, Paris, Stockholm and Vienna, acquires SMEs and shares of groups in special situations with headquarters in Europe that show significant potential for business improvements and are resold after undergoing a repositioning and stabilization process. Mutares actively supports and develops its portfolio companies with its own investment and operating teams and through the acquisition of strategic additions. With a focus on sustainable growth of the portfolio companies, the goal is to achieve a significant increase in value with an ROIC (return on invested capital) 7 to 10 times the total investment. During the 2020 financial year, Mutare’s consolidated annual revenue generated approximately EUR 1.6 billion with more than 12,000 employees worldwide in the Group. For the financial year 2021, already consolidated revenues of at least EUR 2.4 billion are expected. Based on this, consolidated revenues will be increased to at least EUR 5 billion in 2023. As the portfolio grows, consulting revenues will also increase, which together with portfolio dividends and exit revenues will go to Mutares Holding. At this level, the medium- to long-term target for dividend-relevant net profit is 1.8% to 2.2% of the Group’s revenues. Mutares is strongly committed to a sustainable dividend policy that consists of a basic dividend and an exit-dependent dividend. The shares in Mutares SE & Co. KGaA are listed on the Frankfurt Stock Exchange under the symbol “MUX” (ISIN: DE000A2NB650).
For more information please contact:
Mutares SE & Co. KGaA
Investor relations
Call +49 89 9292 7760
Email: [email protected]
www.mutares.de
Contact Press
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Call +49 89 125 09 0333
Email: [email protected]
www.crossalliance.de
Contact for press inquiries in France
CLAI
Gaëtan Commault – [email protected] / +33 06 99 37 65 64
Dorian Masquelier – [email protected] / +33 07 77 26 24 57
08.11.2021 Dissemination of a company news, sent by DGAP – a service from EQS Group AG.
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