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M&A Deal Summary

mutares AG Acquires Redo

On July 8, 2023, private equity firm mutares AG acquired business services company Redo from Recover Group

Acquisition Highlights
  • This is mutares AG’s 4th transaction in the Business Services sector.
  • This is mutares AG’s 2nd transaction in Finland.

M&A Deal Summary
Date 2023-07-08
Target Redo
Sector Business Services
Buyer(s) mutares AG
Sellers(s) Recover Group
Deal Type Divestiture

Target

Redo

Vantaa, Finland
Redo is a provider of first response and building remediation services, with an end-to-end service offering and nation-wide geographical footprint. Redo provides the full value chain of services for inspection, demolition, drying and reconstruction during water and fire damages, odour and moisture. Redo is based in Vantaa, Finland.

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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 45 of 52
Sector: Business Services M&A 4 of 4
Type: Divestiture M&A Deals 34 of 39
Country: Finland M&A 2 of 2
Year: 2023 M&A 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-06 Glaserne Molkerei

Dechow, Germany

Glaserne Molkerei is an organic milk processor, with a premium range of milk, cheese and other dairy products. Glaserne Molkerei was founded in 2001 and is based in Dechow, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-18 Stuart

Paris, France

Stuart is a disruptive on-demand delivery app and platform that speeds up the way goods are transported in cities. Stuart was founded in 2015 and is based in Paris, France.

Buy -

Seller(S) 1

SELLER

Recover Group

Oslo, Norway
Category Company
Founded 2013
Sector Environmental
DESCRIPTION

Recover Group is a provider of property remediation and environmental services in the Nordics. Recover Nordic serves insurance companies, municipalities, industrial and commercial companies across the Nordics, helping end-customers return to everyday life as quickly as possible following property damages and unexpected events. Recover Group was founded in 2013 and is based in Oslo, Norway.

DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Finland M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-10 L&T Korjausrakentaminen Oy

Helsinki, Finland

L&T Korjausrakentaminen Oy provides the planning and implementation of space changes, quick-response damage repair, and other renovation services.

Buy -
Mergr

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