• Exit with positive purchase price
  • Successful sale after holding period of three years

Munich/Paris, 28 November 2018 – Mutares (ISIN: DE000A2NB650) has sold the portfolio company BSL Pipes & Fittings (BSL) to a Luxembourg investor. The parties have agreed not to disclose the positive purchase price.

BSL, based in Soissons, France, has been a leading manufacturer of high-quality piping systems for the oil and gas industry and various industrial applications for almost 60 years. Mutares had acquired the company from the French group Génoyer in 2015.