Mutares signed a binding offer to acquire Sealynx International and its subsidiaries from GMD Group

- Expected twelfth acquisition in 2021

- Manufacturer of rubber and thermoplastic sealing solutions for passenger cars and commercial vehicles

- Add-on acquisition to SFC Solutions Group

- Significant topline and cost synergies expected with the SFC Solutions Group

Munich, 17 November 2021 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) and the GMD Group have entered into exclusive discussions for the acquisition of Sealynx International which has production sites in France, Morocco, Romania and a joint-venture in Algeria. Provided that all necessary consents are obtained and consultations completed, in particular the information and consultation process with the works council of Sealynx International, the transaction is expected to close in Q1 2022.

Sealynx International is an important manufacturer and supplier of high-quality car static and dynamic sealings, with a competitive position in the market and an established business relationship with European OEMs. The company generated revenues of approx. EUR 65 million in 2020 and employs over 700 people with recognized know-how.

The combination of Sealynx International together with the SFC Solutions Group will create an important player for automotive sealings in Europe, serving a complementary customer base with a broad product range. The company is headquartered and has production facilities in Charleval (France), and two additional plants at immediate proximity of Tier-1 production sites in Morocco and Romania. Its industrial footprint will be a key lever to the competitiveness of the combined groups.

Johannes Laumann, CIO of Mutares SE & Co. KGaA comments: "We are very happy to make this important step towards the acquisition of Sealynx International and start creating significant growth and cost synergies with our SFC Solutions Group to become a significant player in the European Sealing Business."

Company profile of Mutares SE & Co. KGaA
Mutares SE & Co. KGaA, Munich (www.mutares.com), as a listed private equity holding company with offices in Munich (HQ), Amsterdam, Frankfurt, London, Madrid, Milan, Paris, Stockholm and Vienna, acquires small- and medium-sized companies and parts of groups in special situations with headquarters in Europe that show significant potential for operational improvement and are sold again after undergoing a repositioning and stabilization process. Mutares actively supports and develops its portfolio companies with its own investment and operations teams as well as through acquisitions of strategic add-ons. With a focus on sustainable growth of the portfolio companies, the objective is to achieve a significant increase in value with a ROIC (return on invested capital) of 7 to 10 times on the total investment. In the financial year 2020, Mutares generated consolidated annual revenues of around EUR 1.6 billion with more than 12,000 employees worldwide in the Group. For the financial year 2021, consolidated revenues of at least EUR 2.4 billion are already expected. Based on this, consolidated revenues are to be expanded to at least EUR 5 billion by 2023. As the portfolio grows, so do consulting revenues, which together with portfolio dividends and exit proceeds accrue to the Mutares Holding. At this level, the medium- to long-term target for dividend-relevant net income is 1.8% to 2.2% of consolidated revenues. Mutares is strongly committed to a sustainable dividend policy consisting of a base dividend and an exit-dependent performance dividend. The shares of Mutares SE & Co. KGaA are listed on the Frankfurt Stock Exchange under the ticker symbol "MUX" (ISIN: DE000A2NB650).

For more information, please contact:

Mutares SE & Co. KGaA
Investor Relations
Phone +49 89 9292 7760
E-mail: [email protected]
www.mutares.de

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