About the transaction
With a multidisciplinary team of M&A, Transaction Services, Tax, and Operational Transaction Services Deloitte advised the MANN+HUMMEL group on the carve-out and disposal of its high-performance plastic parts business to the private equity investor Mutares SE & Co. KGaA. To pursue the vision of “Leadership in Filtration” MANN+HUMMEL decided to exit the segment and to further sharpen its absolute focus on filtration and separation solutions in the areas of Transportation and Life Sciences & Environment.
The complex carve-out transaction included asset transfers, share transfers as well as newly founded entities in more than ten countries worldwide.
The parties have agreed not to disclose any information about the purchase price or any further details of the purchase agreement.
With this acquisition Mutares strengthens its footprint in the automotive supplier industry. The business with high-performance plastic parts of MANN+HUMMEL is well-positioned and supplies reputable OEMs in the automotive industry globally.
The acquisition includes the production facilities of MANN+HUMMEL in Bad Harzburg and Sonneberg in Germany as well as Laval in France with a total of c. 1,500 employees and expected annual revenues of c. EUR 500 million.
Closing of the transaction is expected for the third quarter of 2022 and is subject to customary regulatory approvals and other conditions.
About the client
MANN+HUMMEL is a global leader in filtration technology. Headquartered in Ludwigsburg the group produces intelligent filtration and separation solutions in the business segments Transportation and Life Sciences & Environment to provide cleaner mobility, cleaner air and cleaner water.
About the buyer
Mutares as a stock-listed Private Equity holding with offices in Munich (headquarters), Amsterdam, Frankfurt, Helsinki, London, Madrid, Milan, Paris, Stockholm, and Vienna, is focused on medium-sized, European companies in special situations with operational improvement potential. The aim is to sell acquired businesses following to a successful stabilization and transformation.
Deloitte – Corporate Finance Advisory
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