Mutares successfully placed a new senior secured bond with a volume of EUR 135 million. • News • onvista

EQS-News: Mutares SE & Co. KGaA / Key word(s): Bond

Mutares successfully placed a new senior secured bond with a volume of EUR 135 million.

09/06/2024 / 3:32 p.m. CET/CEST

The issuer is responsible for the content of this announcement.

Mutares successfully places a new secured with priority Bond in the volume of EUR135 million

• Bond issue meets high investor demand thanks to Mutares’ successful track record
• International expansion enables dynamic growth and portfolio expansion
• Opportunities with sales volume of EUR 4.9 billion in the pipeline
• Short and medium-term growth targets reaffirmed

Munich, 6 September 2024 – The Management Board of Mutares Management SE, the personally liable partner of Mutares SE & Co. KGaA (ISIN: DE000A2NB650) (“Mutares“), has today decided, with the approval of the Supervisory Board, to issue a new, senior secured and floating rate bond with an initial volume of EUR 135 million and a term of 5 years (“bond“) admit.

The bond will bear interest at an interest rate equal to the EURIBOR (three months) plus a margin of 6.25% pa and can be increased to a total volume of up to EUR 300 million. The bond is secured, among other things, by (i) pledging shares in selected investment vehicles and (ii) assignment of intra-group loans. The issue amount of EUR 135 million was successfully placed with institutional investors.

The new bonds are to be included in trading on the over-the-counter market of the Frankfurt Stock Exchange and the Nordic ABM of the Oslo Stock Exchange under ISIN NO0013325407. The net proceeds accruing to Mutares from the bond issue are to be used primarily for general business purposes and further portfolio growth in the context of international expansion, in particular for the financing of further corporate acquisitions, as well as for repurchases of bonds under the existing 2023/2027 bond (ISIN NO0012530965) in a volume of up to EUR 25 million.

Mutares’ international expansion with the opening of new locations in China, India and the USA is creating new opportunities for Mutares to expand its portfolio – in addition to the growth opportunities in the old core markets in Europe. The capital inflow from the bond issue enables Mutares to make optimal use of the opportunities available on the purchase side. Around 34% of the planned investment volume is earmarked for the newly developed growth regions of China, India and the USA. Mutares currently sees attractive acquisition opportunities with a total sales volume of around EUR 4.9 billion.

The successful placement of the new bond reflects investors’ confidence in Mutares’ long-term growth strategy and sustainable success.

With annualized sales of the current portfolio of EUR 5.8 billion and sales of EUR 4.9 billion from acquisitions already signed and a pipeline of projects under review, Mutares is well on its way to achieving its communicated short- and medium-term growth targets. These envisage an increase in group sales to approximately EUR 7.0 billion by 2025 and to approximately EUR 10.0 billion by 2028. In line with the targeted group sales growth, the Mutares Holding will continue to generate an annual profit of EUR 125 million to EUR 150 million for the 2025 financial year and EUR 200 million for the expected year 2028.

Mark Friedrich, CFO of Mutares, comments: “With 11 acquisitions already this year, we have set a high pace in expanding our portfolio. The successful issuance of the bond paves the way to meet our new ambitious growth targets. The high investor demand for our bond and the positive development of our share in recent years make it clear that Mutares offers all investor groups an attractive overall package of growth, reliability and a successful track record. The bond’s term of 5 years and the partial repurchase of the existing bond at an early stage also enabled a balanced maturity profile to be achieved.”

The placement was accompanied by Pareto Securities and Arctic Securities as joint lead managers, Noerr as legal advisor and Cross Alliance as communications advisor.

Company profile of Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (www.mutares.com), founded as a listed private equity holding company with offices in Munich (HQ), Amsterdam, Bad Wiessee, Chicago, Frankfurt, Helsinki, London, Madrid, Milan, Mumbai, Paris, Shanghai, Stockholm, Warsaw and Vienna, invests in companies in transition situations that have significant operational improvement potential and are sold again after stabilization and repositioning. Group sales of EUR 5.7 billion to EUR 6.3 billion are expected for the 2024 financial year. Of this, group sales are to be expanded to around EUR 7 billion by 2025 and to EUR 10 billion by 2028. As the portfolio grows, sales revenues from consulting services and management fees also increase, which flow together with dividends from the portfolio and exit proceeds from the Mutares holding. On this basis, an annual profit of EUR 108 million to EUR 132 million is expected in the holding company for the 2024 financial year, EUR 125 million to EUR 150 million for the 2025 financial year and EUR 200 million for the 2028 financial year. The shares of Mutares SE & Co. KGaA are traded on the regulated market of the Frankfurt Stock Exchange under the symbol “MUX” (ISIN: DE000A2NB650) and have been part of the SDAX selection index since December 2023.

For further information please contact:

Mutares SE & Co. KGaA

Investor information

Phone +49 89 9292 7760

Mail: [email protected]

www.mutares.com

Contact Press Germany

CROSS ALLIANCE communication GmbH

Susan Hoffmeister

Phone +49 89 125 09 0333

Email: [email protected]

www.crossalliance.de

Press contact France

CLAI

Matthieu Meunier

Phone: +33 06 26 59 49 05

Email: [email protected]

Press Contact United Kingdom

14:46 Advice

Tom Sutton

Phone: +44 7796 474940

Email: [email protected]

06.09.2024 CET/CEST Publication of a corporate news/financial news, transmitted by EQS News – a service of EQS Group AG.

The issuer is responsible for the content of this announcement.

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