Mutares
Mutares SE & Co. KGaA is a Munich-listed (SDAX) private equity holding founded in 2008 by Robin Laik that acquires corporate carve-outs and companies in special situations across Europe, investing exclusively from its own balance sheet. The group operates five segments (Automotive & Mobility, Energy & Technology, Infrastructure & Defense, Goods & Services and, from 2026, Chemicals & Materials), generated EUR 6.5bn group revenues in fiscal 2025 with around 36 portfolio companies, and holds equity attributable to shareholders of EUR 604m as at 31 December 2025.
AUM
€604M
Funds
1
vintages 2008
Portfolio
38
Exits
32
Key facts
Recent exits
Conexus
Energy2026 · 4yr hold
inTime Group
Logistics2026 · 1yr hold
Kalzip
Industrials2026 · 8yr hold
NEM Energy Group
Energy2026 · 10yr hold
Coverage notes
1 fund tracked, 70 portfolio companies (38 active · 32 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
70 companiesIndustrials
34 · 49%
Energy
10 · 14%
Logistics
10 · 14%
Consumer
6 · 9%
Business Services
5 · 7%
Construction
4 · 6%
E-commerce
1 · 1%
Funds & portfolio
Every fund Mutares has raised, with its portfolio companies. Hand-checked from public filings.
1 fund
Mutares EvergreenTurnaroundActive2008 · 18yr€604M38 active · 32 realized
Unrealized
38 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Energy | Poland | 2024 | |
| Industrials |  Germany | 2021 | |
| Construction |  Netherlands | 2023 | |
| Construction | Germany | 2017 | |
| Energy |  Portugal | 2023 | |
| Construction |  Italy | 2025 | |
| Industrials | Germany | 2020 | |
| Energy | Italy | 2022 | |
| Construction | Germany | 2021 | |
| Logistics |  UK | 2018 | |
| Consumer | Germany | 2023 | |
| Logistics |  Denmark | 2023 | |
| Energy | UK | 2024 | |
| Energy |  Spain | 2022 | |
| Consumer | Germany | 2026 | |
| Industrials |  France | 2026 | |
| Industrials | Italy | 2025 | |
| Industrials | Germany | 2019 | |
| Logistics |  Finland | 2025 | |
| Industrials | France | 2021 | |
| Consumer | France | 2021 | |
| Logistics | France | 2024 | |
| Industrials | Germany | 2024 | |
| E-commerce | Slovenia | 2026 | |
| Logistics |  Sweden | 2025 | |
| Consumer | Poland | 2024 | |
| Business Services | Spain | 2025 | |
| Energy |  US | 2026 | |
| Energy |  Norway | 2026 | |
| Industrials | Netherlands | 2025 | |
| Industrials | US | 2026 | |
| Consumer | Finland | 2023 | |
| Consumer | Netherlands | 2023 | |
| Industrials | Poland | 2020 | |
| Energy | Italy | 2024 | |
| Industrials | France | 2023 | |
| Industrials | Czech Republic | 2026 | |
| Industrials | Italy | 2025 |
AltergaActive
EnergyPoland· Entry 2024
AmaneosActive
IndustrialsGermany· Entry 2021
Germany· Entry 2021ByldisActive
ConstructionNetherlands· Entry 2023
Netherlands· Entry 2023Donges GroupActive
ConstructionGermany· Entry 2017
Germany· Entry 2017EfacecActive
EnergyPortugal· Entry 2023
Portugal· Entry 2023F.lli FerrariActive
ConstructionItaly· Entry 2025
Italy· Entry 2025FerrAl UnitedActive
IndustrialsGermany· Entry 2020
Germany· Entry 2020EnergyItaly· Entry 2022
Italy· Entry 2022Ganter GroupActive
ConstructionGermany· Entry 2021
Germany· Entry 2021Gemini Rail GroupActive
LogisticsUK· Entry 2018
UK· Entry 2018Glaeserne MolkereiActive
ConsumerGermany· Entry 2023
Germany· Entry 2023GoCollectiveActive
LogisticsDenmark· Entry 2023
Denmark· Entry 2023Greenview GroupActive
EnergyUK· Entry 2024
UK· Entry 2024Guascor EnergyActive
EnergySpain· Entry 2022
Spain· Entry 2022HARO FlooringActive
ConsumerGermany· Entry 2026
Germany· Entry 2026IndustrialsFrance· Entry 2026
France· Entry 2026Hyva CranesActive
IndustrialsItaly· Entry 2025
Italy· Entry 2025keeeper GroupActive
IndustrialsGermany· Entry 2019
Germany· Entry 2019KuljettavaActive
LogisticsFinland· Entry 2025
Finland· Entry 2025La Rochette CartonboardActive
IndustrialsFrance· Entry 2021
France· Entry 2021Lapeyre GroupActive
ConsumerFrance· Entry 2021
France· Entry 2021LocapharmActive
LogisticsFrance· Entry 2024
France· Entry 2024MagirusActive
IndustrialsGermany· Entry 2024
Germany· Entry 2024mimovrste & MALL.HRActive
E-commerceSlovenia· Entry 2026
Move2GreenActive
LogisticsSweden· Entry 2025
Sweden· Entry 2025NaturaActive
ConsumerPoland· Entry 2024
Nervion IndustriesActive
Business ServicesSpain· Entry 2025
Spain· Entry 2025NexPoint MaterialsActive
EnergyUS· Entry 2026
US· Entry 2026Nord Gas SolutionsActive
EnergyNorway· Entry 2026
Norway· Entry 2026NovastructActive
IndustrialsNetherlands· Entry 2025
Netherlands· Entry 2025Ohio Strip SteelActive
IndustrialsUS· Entry 2026
US· Entry 2026PalmiaActive
ConsumerFinland· Entry 2023
Finland· Entry 2023PrenatalActive
ConsumerNetherlands· Entry 2023
Netherlands· Entry 2023SFC GroupActive
IndustrialsPoland· Entry 2020
Sofinter GroupActive
EnergyItaly· Entry 2024
Italy· Entry 2024Stuart GroupActive
IndustrialsFrance· Entry 2023
France· Entry 2023Synthomer a.s.Active
IndustrialsCzech Republic· Entry 2026
Zendra SystemsActive
IndustrialsItaly· Entry 2025
Italy· Entry 2025Realized
32 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Business Services | Germany | 2016 | 2024 | Trade Sale | – | ||
| Logistics |  Austria | 2019 | 2022 | Trade Sale | – | ||
| Industrials | France | 2016 | 2021 | Secondary | – | ||
| Industrials | France | 2021 | 2025 | Trade Sale | – | ||
| Energy | Italy | 2022 | 2026 | Trade Sale | – | ||
| Industrials | Germany | 2023 | 2025 | Trade Sale | – | ||
| Industrials | Germany | 2019 | 2023 | Trade Sale | – | ||
| Logistics | Sweden | 2021 | 2024 | Trade Sale | – | ||
| Industrials | Germany | 2020 | 2024 | Secondary | – | ||
| Logistics | Germany | 2025 | 2026 | Trade Sale | – | ||
| Industrials | France | 2020 | 2023 | MBO | – | ||
| Industrials | Germany | 2018 | 2026 | Trade Sale | – | ||
| Industrials | Germany | 2020 | 2023 | Trade Sale | – | ||
| Industrials | France | 2023 | 2024 | – | – | – | |
| Industrials | Serbia | 2023 | 2024 | Trade Sale | – | ||
| Energy | Netherlands | 2016 | 2026 | Trade Sale | – | ||
| Logistics | Italy | 2020 | 2021 | Trade Sale | – | ||
| Industrials | France | 2015 | 2021 | Trade Sale | – | ||
| Industrials | France | 2023 | 2026 | MBO | – | ||
| Industrials | Italy | 2019 | 2023 | Secondary | – | ||
| Business Services | Finland | 2023 | 2026 | Trade Sale | – | ||
| Logistics | Poland | 2023 | 2026 | Secondary | – | ||
| Business Services | France | 2021 | 2024 | Secondary | – | ||
| Industrials | Netherlands | 2020 | 2022 | Trade Sale | – | ||
| Industrials | Germany | 2020 | 2023 | MBO | – | ||
| Industrials | UK | 2022 | 2023 | Trade Sale | – | ||
| Industrials | Austria | 2022 | 2025 | IPO | – | ||
| Industrials | Germany | 2016 | 2022 | Secondary | – | ||
| Industrials | Germany | 2013 | 2021 | Trade Sale | – | ||
| Business Services | Sweden | 2020 | 2026 | IPO | – | ||
| Industrials | France | 2022 | 2024 | MBO | – | ||
| Industrials | France | 2023 | 2026 | Secondary | – |
Logiplast-TeamTexExited 2024
IndustrialsFrance· Entry 2023
France· Entry 2023Track Mutares
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Investment team
Senior partners. Hand-checked from public filings and the firm's own site.
Robin Laik
Founder and CEO
Johannes Laumann
CIO
Mark Friedrich
CFO
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Last updated August 2026 · Sourced from public filings · Report an issue