Mutares
Munich-based, Frankfurt-listed private equity holding that acquires companies in transition and carve-outs, restructures them and later sells them, with FY 2025 group revenues of EUR 6.5 billion.
Industry: Private equity (turnarounds and special situations) | Location: Munich, Germany | Founded: 2008
About Mutares
Mutares SE & Co. KGaA is a Munich-based private equity holding company whose shares trade on the Frankfurt Stock Exchange under the symbol MUX and are part of the SDAX index. It acquires companies in transition and carve-outs from larger corporations, restructures them with an in-house advisory team and later sells them.
Mutares was founded in 2008 with its first office in Munich and now lists 16 offices, from Amsterdam to Tokyo. Wikipedia names Robin Laik and Axel Geuer as founders. Laik is chief executive of Mutares Management SE, whose executive board also includes Mark Friedrich as chief financial officer, Johannes Laumann as chief investment officer and Dr. Lennart Schley as chief operating officer. Volker Rofalski chairs the supervisory board of the listed company.
The company describes four phases for each investment: acquisition, realignment, optimisation and harvesting. It targets a return of seven to ten times invested capital over a holding period of about three to five years. Its holdings are grouped into five segments: Automotive and Mobility, Energy and Technology, Infrastructure and Defense, Goods and Services, and Chemicals and Materials.
The Chemicals and Materials segment was created by the purchase of the regional Engineering Thermoplastics business of SABIC in the Americas and Europe. Signing was reported in January 2026, and Mutares announced completion on 4 August 2026 at an enterprise value of USD 450 million, calling it the largest transaction in its history. The business, which will operate as NexPoint Materials, has about USD 2.5 billion in revenue, roughly 2,800 employees and eight production facilities, and sells polycarbonate, PBT and ABS resins under brands including LEXAN and CYCOLOY. On 15 October 2026 it reported completing the purchase of Steinmüller Engineering from IHI Group.
Mutares reports FY 2025 revenues of EUR 6.5 billion and more than 35,000 employees across its holdings. On the investor site, holding-level revenues were EUR 106.2 million and net income EUR 130.4 million, with earnings of EUR 6.10 and a dividend of EUR 2.00 per share. In April 2026 it completed a pre-placement of 1,076,166 new shares at EUR 24.50 each.
Leadership
- Robin Laik, Chief Executive Officer, Mutares Management SE
- Mark Friedrich, Chief Financial Officer
- Johannes Laumann, Chief Investment Officer
- Lennart Schley, Chief Operating Officer
- Volker Rofalski, Chairman of the Supervisory Board
- Lothar Koniarski, Deputy Chairman of the Supervisory Board
- Kristian Schleede, Chairman of the Supervisory Board, Mutares Management SE