Private equity holding company Mutares has agreed to acquire FSL Ladenbau from shareholders Christian Füßer, Marion Füßer and Guido Krümpel, serving as an add-on acquisition for the GanterGroup, a general contractor in interior finishing.
The transaction marks the fifth this year for the firm and is expected to close by the end of Q2 2024.
FSL Ladenbau provides shopfitting services and was founded in 1973. In a press statement, Mutares said that FSL planned to see €15m in revenues in 2024.
Robin Laik, CEO and founder of Mutares, added that the acquisition would bring “complementary customer portfolios and own production capabilities that enhance our competitive position in the market”.
Mutares is headquartered in Munich and focuses on companies in special situations with operational improvement potential, which are then sold again after undergoing repositioning and stabilisation.
Read more:Private Equity Wire
Can’t stop reading? Read more
Ares raises $7.1bn for credit secondaries in largest inaugural fundraise
Ares raises $7.1bn for credit secondaries in largest inaugural fundraise Ares Management has...
CVC-backed Global Sport Group launches €2.7bn debt raise to fund sports dealmaking
CVC-backed Global Sport Group launches €2.7bn debt raise to fund sports dealmaking Global Sport...
Warburg Pincus weighs €1.5bn defence fund as European rearmament accelerates
Warburg Pincus weighs €1.5bn defence fund as European rearmament accelerates Warburg Pincus is...