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
37
Exits
31
SectorsIndustrialsBusiness ServicesConsumerEnergy
Key facts
Recent exits
Conexus
Energy · 2026 · 4yr hold
inTime Group
Logistics · 2026 · 1yr hold
Kalzip
Industrials · 2026 · 8yr hold
NEM Energy Group
Energy · 2026 · 10yr hold
Coverage notes
1 fund tracked, 68 portfolio companies (37 active · 31 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Mutares has raised, with its portfolio companies. Hand-checked from public filings.
1 fund
Mutares EvergreenTurnaround2008 · 18yr€604M37 active · 31 realized
Unrealized
37 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Alterga | Energy | Poland | 2024 |
| Amaneos | Industrials | Germany | 2021 |
| Byldis | Construction | Netherlands | 2023 |
| Donges Group | Construction | Germany | 2017 |
| Efacec | Energy | Portugal | 2023 |
| F.lli Ferrari | Construction | Italy | 2025 |
| FerrAl United | Industrials | Germany | 2020 |
| Ganter Group | Construction | Germany | 2021 |
| GDL Anlaggning & Miljo | Logistics | Sweden | 2025 |
| Gemini Rail Group | Logistics | UK | 2018 |
| Glaeserne Molkerei | Consumer | Germany | 2023 |
| GoCollective | Logistics | Denmark | 2023 |
| Greer Steel | Industrials | United States | 2026 |
| Guascor Energy | Energy | Spain | 2022 |
| HARO Flooring | Consumer | Germany | 2026 |
| Holliday Premium Pigments | Industrials | France | 2026 |
| Hyva Cranes | Industrials | Italy | 2025 |
| Jadeed | Energy | United States | 2026 |
| Kawneer EU | Industrials | Netherlands | 2025 |
| keeeper Group | Industrials | Germany | 2019 |
| Kuljettava | Logistics | Finland | 2025 |
| La Rochette Cartonboard | Industrials | France | 2021 |
| Lapeyre Group | Consumer | France | 2021 |
| Locapharm | Logistics | France | 2024 |
| Magirus | Industrials | Germany | 2024 |
| mimovrste & MALL.HR | E-commerce | Slovenia | 2026 |
| Natura | Consumer | Poland | 2024 |
| Nervion Industries | Business Services | Spain | 2025 |
| Nord Gas Solutions | Energy | Norway | 2026 |
| Palmia | Consumer | Finland | 2023 |
| Prenatal | Consumer | Netherlands | 2023 |
| REDO | Business Services | Finland | 2023 |
| SFC Group | Industrials | Poland | 2020 |
| Sofinter Group | Energy | Italy | 2024 |
| Stuart Group | Industrials | France | 2023 |
| Synthomer a.s. | Industrials | Czech Republic | 2026 |
| Zendra Systems | Industrials | Italy | 2025 |
AltergaActive
EnergyPoland· Entry 2024
AmaneosActive
IndustrialsGermany· Entry 2021
ByldisActive
ConstructionNetherlands· Entry 2023
Donges GroupActive
ConstructionGermany· Entry 2017
EfacecActive
EnergyPortugal· Entry 2023
F.lli FerrariActive
ConstructionItaly· Entry 2025
FerrAl UnitedActive
IndustrialsGermany· Entry 2020
Ganter GroupActive
ConstructionGermany· Entry 2021
GDL Anlaggning & MiljoActive
LogisticsSweden· Entry 2025
Gemini Rail GroupActive
LogisticsUK· Entry 2018
Glaeserne MolkereiActive
ConsumerGermany· Entry 2023
GoCollectiveActive
LogisticsDenmark· Entry 2023
Greer SteelActive
IndustrialsUnited States· Entry 2026
Guascor EnergyActive
EnergySpain· Entry 2022
HARO FlooringActive
ConsumerGermany· Entry 2026
IndustrialsFrance· Entry 2026
Hyva CranesActive
IndustrialsItaly· Entry 2025
JadeedActive
EnergyUnited States· Entry 2026
Kawneer EUActive
IndustrialsNetherlands· Entry 2025
keeeper GroupActive
IndustrialsGermany· Entry 2019
KuljettavaActive
LogisticsFinland· Entry 2025
La Rochette CartonboardActive
IndustrialsFrance· Entry 2021
Lapeyre GroupActive
ConsumerFrance· Entry 2021
LocapharmActive
LogisticsFrance· Entry 2024
MagirusActive
IndustrialsGermany· Entry 2024
mimovrste & MALL.HRActive
E-commerceSlovenia· Entry 2026
NaturaActive
ConsumerPoland· Entry 2024
Nervion IndustriesActive
Business ServicesSpain· Entry 2025
Nord Gas SolutionsActive
EnergyNorway· Entry 2026
PalmiaActive
ConsumerFinland· Entry 2023
PrenatalActive
ConsumerNetherlands· Entry 2023
REDOActive
Business ServicesFinland· Entry 2023
SFC GroupActive
IndustrialsPoland· Entry 2020
Sofinter GroupActive
EnergyItaly· Entry 2024
Stuart GroupActive
IndustrialsFrance· Entry 2023
Synthomer a.s.Active
IndustrialsCzech Republic· Entry 2026
Zendra SystemsActive
IndustrialsItaly· Entry 2025
Realized
31 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Balcke-Duerr Nuklear Service | Business Services | Germany | 2016 | 2024 | Trade Sale | – | |
| BEXity | Logistics | Austria | 2019 | 2022 | Trade Sale | – | |
| Cenpa | Industrials | France | 2016 | 2021 | Secondary | – | |
| Clecim | Industrials | France | 2021 | 2025 | Trade Sale | – | |
| Conexus | Energy | Italy | 2022 | 2026 | Trade Sale | – | |
| Fasana | Industrials | Germany | 2023 | 2025 | Trade Sale | – | |
| FDT Flachdach Technologie | Industrials | Germany | 2019 | 2023 | Trade Sale | – | |
| Frigoscandia | Logistics | Sweden | 2021 | 2024 | Trade Sale | – | |
| iinovis Group | Industrials | Germany | 2020 | 2024 | Secondary | – | |
| inTime Group | Logistics | Germany | 2025 | 2026 | Trade Sale | – | |
| JAPY Tech | Industrials | France | 2020 | 2023 | MBO | – | |
| Kalzip | Industrials | Germany | 2018 | 2026 | Trade Sale | – | |
| Lacroix + Kress | Industrials | Germany | 2020 | 2023 | Trade Sale | – | |
| Logiplast-TeamTex | Industrials | France | 2023 | 2024 | – | – | – |
| MobiLitas | Industrials | Serbia | 2023 | 2024 | Trade Sale | – | |
| NEM Energy Group | Energy | Netherlands | 2016 | 2026 | Trade Sale | – | |
| Nexive Group | Logistics | Italy | 2020 | 2021 | Trade Sale | – | |
| Norsilk | Industrials | France | 2015 | 2021 | Trade Sale | – | |
| Peugeot Motocycles | Industrials | France | 2023 | 2026 | MBO | – | |
| Plati Group | Industrials | Italy | 2019 | 2023 | Secondary | – | |
| Relobus Transport Polska | Logistics | Poland | 2023 | 2026 | Secondary | – | |
| Repartim | Business Services | France | 2021 | 2024 | Secondary | – | |
| Royal de Boer | Industrials | Netherlands | 2020 | 2022 | Trade Sale | – | |
| SABO-Maschinenfabrik | Industrials | Germany | 2020 | 2023 | MBO | – | |
| Special Melted Products | Industrials | UK | 2022 | 2023 | Trade Sale | – | |
| Steyr Motors | Industrials | Austria | 2022 | 2025 | IPO | – | – |
| STF Balcke-Duerr | Industrials | Germany | 2016 | 2022 | Secondary | – | |
| STS Group | Industrials | Germany | 2013 | 2021 | Trade Sale | – | |
| Terranor Group | Business Services | Sweden | 2020 | 2026 | IPO | – | – |
| VALTI | Industrials | France | 2022 | 2024 | MBO | – | |
| Walor Group | Industrials | France | 2023 | 2026 | Secondary | – |
Logiplast-TeamTexExited 2024
IndustrialsFrance· Entry 2023
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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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