Mutares has successfully completed the acquisition of the forging business in Germany of CIE Automotive

Mutares SE & Co. KGaA, the Germany based private equity firm specializing in investments in secondary direct, special situations, bridge financing, and recapitalization, has acquired Falkenroth Umformtechnik, the Germany based forging and machinery company, from CIE FORGING Germany, the Germany based subsidiary of CIE Automotive S.A., for an undisclosed amount. The deal also included the acquisition of Gesenkschmiede Schneider and Schoneweiss & Co. The enterprise value of the transaction amounts to EUR 55.5m minus debt. The closing of the transaction is expected in the third quarter of 2023. The transaction will further strengthen the FerrAl United Group, a supplier of multi-material machined solutions and systems, combining the Mutares portfolio companies PrimoTECS Group (including Rasche Umformtechnik and BEW Umformtechnik), Cimos, and MMT-B (Manufacturing Mobility of Tomorrow Bordeaux), and SELZER Group.