Mutares sells BSL Pipes & Fittings

  • 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.

Company profile of Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (www.mutares.de), acquires medium-sized companies and parts of groups with headquarter in Europe that are being sold in the course of a repositioning process at their owners and show a clear potential for operational improvement. Mutares actively supports and develops its portfolio companies with its own investment and consulting teams as well as through acquisitions of strategic add-ons. The aim is to achieve a clear value increase with a focus on sustainable, long-term growth of the portfolio company. In 2018, Mutares’ portfolio companies generated consolidated revenues of EUR 865 million and employed more than 4,700 people worldwide. The shares of Mutares SE are listed on Frankfurt Stock Exchange under the ticker symbol “MUX” (ISIN: DE000A2NB650).