Mutares SE & Co. KGaA

Report Publication Announcement • Dec 14, 2017

News Details

Corporate | 14 December 2017 11:34

Mutares sells A+F Automation+Fördertechnik

DGAP-News: mutares AG / Key word(s): Disposal/Private Equity

14.12.2017 / 11:34

The issuer is solely responsible for the content of this announcement.

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Mutares (ISIN: DE000A0SMSH2) sells German A+F Automation+Fördertechnik after successful turnaround to fund of industry partner CGS

For more than 40 years, A+F is a leading manufacturer of high end and end-of-line packaging machines and systems, based in Kirchlengern (Germany). Mutares has sold the company to a fund of industry partner CGS for a money multiple of 8.5 (total return) with a potential earn-out leading to a multiple of 10 by 2019.

Mutares acquired A+F from German Oystar Group in November 2014 and put it back on track through a successful turn-around. With 160 employees, the company generated sales of around EUR 29 million in 2016. CEO Robert Roiger and the management team welcome the transaction and look forward to driving A+F’s further development.

Robin Laik, CEO of Mutares, comments: “A+F is a perfect showcase of a successful turn-around. Mutares has managed to bring the company back to profitable growth, hereby confirming the Mutares approach. We see CGS as a perfect partner to accompany the next growth phase of A+F. With this exit, Mutares is well on its way to achieving our ambitious goals. The Board of Mutares expects further transactions in the coming months. “

Robert Roiger, CEO of A+F: “Mutares has been a perfect partner for A+F during its development so far. With CGS, we have now found a strong new partner for the next step and look forward to taking it with CGS and for the benefit of our customers.”

Thomas Anderegg, Managing Partner of CGS: “A+F as a highly specialized, established packaging machine manufacturer perfectly matches our market focus and industry expertise. Following the successful return to profitable growth under Mutares, we are now taking over and will focus, jointly with the management, on further international expansion through strategic add-on acquisitions in key markets.”

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Company profile**

Mutares AG, Munich (www.mutares.de), acquires companies that are being sold in the course of a repositioning process at their owners and that show a clear operational improvement potential. Getting engaged with its own teams, Mutares actively supports its portfolio companies to achieve a clear value increase. The focus of the operational work is to ensure sustainable, long-term growth. The shares of Mutares AG are listed on Frankfurt Stock Exchange under the ticker symbol “MUX” (ISIN: DE000A0SMSH2).

For further information, please contact:

Mutares AG

Soh-Pih Mariette Nikolai

Investor Relations & Corporate Communications

Tel. +49 89 9292776-0

Fax +49 89 9292776-22

ir@mutares.de

www.mutares.de

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14.12.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

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Language:	English
Company:	mutares AG
	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:	DE000A0SMSH2
WKN:	A0SMSH
Listed:	Regulated Unofficial Market in Berlin, Frankfurt (Scale), Stuttgart, Tradegate Exchange

End of News	DGAP News Service