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AC Tischendorf Rechtsanwälte
May 18, 2020

Mutares sells long-term holding KLANN Packaging to Accursia and relies on act legal Germany

The (publicly) quoted Mutares SE & Co. KGaA has sold its subsidiary KLANN Packaging GmbH to the investment holding Accursia Capital GmbH after many years of portfolio membership.

KLANN Packaging is a leading manufacturer of high-quality promotional and sales packaging made of printed tinplate. As a carve-out from the Huber Packaging Group, the company was taken over by Mutares in 2011 and, following successful restructuring, has established itself as the leading supplier of high-quality tinplate packaging solutions.

The buyer, Accursia Capital, is a well-known German investment holding company that invests in medium-sized industrial companies with increased operational appreciation potential. By implementing a well targeted long-term buy and build strategy, Accursia intends to significantly enhance its new packaging division over the coming years. KLANN Packaging is Accursia's fourth investment in the last 6 months.

The sale of KLANN Packaging is part of the realignment of Mutares' portfolio and can be considered a great success, as the transaction took place in times of a challenging market environment. The parties have agreed not to disclose the volume of the transaction.

Background information: After Mutares has only made acquaintance with act legal in past transactions as legal advisor to the counterparty, Mutares now relies on the M&A team of act legal for the first time.

Advisors Mutares: actlegal Germany, AC Tischendorf REchtsanwälte: Dr. Matthias Müller, MBA, Dr. Sven Tischendorf, MBA, (both Corporate/M&A, labor law).

Advisors Accursia Capital: Dr., Alexander von der Bergwelt, Dimitrios Andreadis (Munich)

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