M&A Deal Summary

mutares AG Acquires keeeper

On May 29, 2019, private equity firm mutares AG acquired plastics company keeeper from Wrede

Acquisition Highlights
  • This is mutares AG’s 1st transaction in the Plastics sector.
  • This is mutares AG’s 9th transaction in Germany.

M&A Deal Summary

Date 2019-05-29
Target keeeper
Sector Plastics
Buyer(s) mutares AG
Sellers(s) Wrede
Deal Type Divestiture

Target

keeeper

Hille, Germany
keeeper is a manufacturer of innovative and high-quality plastic household products. keeeper was founded in 1986 and is based in Hille, Germany.

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Buyer(S) 1

Buyer

mutares AG

Munich, Germany

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

mutares AG (MUX:Berlin) is a publicly traded German holding group that acquires controlling stakes in small and medium-sized companies. mutares looks for businesses facing special situations, such as non-core divestitures, succession issues, or in need of restructuring. Target companies generally have at least €10 million in revenues. mutares does not have any sector preferences. mutares AG was formed in 2008 and is based in Munich.


DEAL STATS #
Overall 24 of 51
Sector (Plastics) 1 of 1
Type (Divestiture) 17 of 38
Country (Germany) 9 of 14
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-01 Grosbill SA

Paris, France

Grosbill SA specializing in the sale of online and in-store computer equipment. First opened in Paris and Île de France, Company Web stores were then opened in the region (Marseille, Lyon, Lille). In stores benefit from the expertise and advice of experts. Order and remove a product in stock in less than 10 minutes. Customers can also benefit from the after-sales service on-line and in each of computer and digital stores.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-10 Kico

Halver, Germany

Kico is an automotive components manufacturer. Kico offers hinges, locking systems, mechatronic systems such as electric boot lid motors, closing aids and hood catches, as well as hinge systems for convertibles, connectors for exhaust systems – meet the high standards of the European automotive industry. Kico was founded in 1939 and is based in Halver, Germany.

Buy -

Seller(S) 1

SELLER

Wrede

Arnsberg, Germany

Category Company
Sector Plastics
DESCRIPTION

Wrede is a holding company that manufactures plastic household products and decorative surfaces. Wrede is based in Arnsberg, Germany.


DEAL STATS #
Overall 1 of 1
Sector (Plastics) 1 of 1
Type (Divestiture) 1 of 1
Country (Germany) 1 of 1
Year (2019) 1 of 1