MUNICH: Mutares SE & Co. KGaA has entered into exclusive negotiations for the sale of its portfolio company Repartim to an institutional investor.
In accordance with French law, a consultation process is currently taking place between the respective employee representatives of Repartim and the investor.
The closing of the transaction is expected in the third quarter of 2024. Repartim, headquartered in Tours, France, is a renowned French home repair specialist.
The company’s services include technical assistance in emergencies that require quick on-site intervention. Its customers include corporate and private clients, served through a network of 19 agencies and approx. 350 employees throughout France.
Repartim group generated revenues of approx. EUR 33 million in 2023. Following the acquisition of the seller Belron in 2021 and a comprehensive operational improvement program, the service quality has been successfully improved. The acquisition of competitor Sin&Tec gave Repartim access to additional customers.
Robin Laik, CEO of Mutares, comments: “After our implemented measures, Repartim group is very well positioned for the future and can leverage its market position and expertise for further growth. We are very pleased to hand over the company to a reputable owner.”
Mutares SE & Co. has acquired PRINZ Kinematics GmbH from AL-KO