Mutares

Find your Advisor
Industrials
Mutares
Listed industrial holding company
Acquired 100% of Business Operations
Efacec
Integrated provider of energy, engineering and mobility products and solutions
Advised on Purchase of Company

IMAP Portugal advises German investor group Mutares on the privatization of flagship Portuguese engineering and industrial group Efacec

IMAP Portugal is pleased to announce that it has acted as financial advisor to German listed private equity firm Mutares on the acquisition of Efacec from the Portuguese State. Mutares’ acquisition of Efacec marks the successful conclusion of the re-privatization process launched in late 2022 which followed the nationalization of 71.73% of Efacec’s capital by the Portuguese State, in the aftermath of the Luanda Leaks revelations, whereby debt-riddled Efacec was subject to a number of failed privatization bids.

 

Established in 2008, Mutares is an investor acquiring and actively developing medium-sized European companies with potential for operational improvement. Today, Mutares’ portfolio spans over 30 companies across four industry segments: Automotive & Mobility, Technology & Engineering, Goods & Services, and Retail & Food. In 2022, Mutares recorded consolidated revenues of €3.8bn and EBITDA of €181.5mn, with over 19,000 employees.

 

Headquartered in Portugal, Efacec is a flagship international industrial group specializing in the manufacturing and delivery of critical equipment and turnkey solutions across the Energy, Engineering, and Mobility segments. With a core expertise in energy efficiency and a workforce of over 2,000 people, Efacec is positioned to drive structural change in critical infrastructure within the energy transition and circular economy. Efacec recorded consolidated revenues of €160.9mn in 2022.

 

Following the acquisition, Mutares’ platform is expected to promote value-enhancing improvements and to drive Efacec onto a path of sustainable growth and recovery of its leadership position in the global market.

 

The IMAP Portugal team, comprising Gonçalo Vaz Botelho, Pedro Benites, Luísa de Castro Domingos, Bernardo Pena and João Brito, supported Mutares throughout the transaction, both in the negotiations with the seller and with Efacec’s creditors. IMAP’s advisory on the restructuring of Efacec’s debt was instrumental to the successful completion of the transaction.

Our business is your business growth
more information?

Contact us

We love to hear from you. Our team is always here to chat.

Contact form

Thank you for your interest in IMAP. Please use the form below to tell us more about your current situation and we’ll be sure to have the right professional get back to you as soon as possible.