Mutares has completed the sale of Fuentes Quality Logistics to a consortium led by the Ontime franchise and the company’s founding family. The transaction marks a successful exit for the Munich-based private equity firm.

Fuentes operates in temperature-controlled logistics and generates approximately $218m in annual revenue. 

Mutares acquired the business from Lineage Group and launched a focused transformation programme to improve profitability and operational performance.

The private equity firm said Fuentes’ fundamentals and exposure to a growing logistics segment attracted strong interest from strategic buyers. The deal positions Ontime to strengthen its footprint across Iberia and the wider European logistics market.

Johannes Laumann, CIO of Mutares, said: “The sale of Fuentes underlines our ability to identify companies with solid business models and attractive market positions. In a short period of time, we have realized significant shareholder value on the back of key operational improvements and the company’s unique strategic positioning.”

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