Fuentes is a service provider in the field of temperature-controlled logistics with a turnover of around EUR 200 million.
Since the acquisition from Lineage Group, the company has initiated a targeted transformation process focused on operational improvements to restore profitability and strengthen business operations.
Fuentes' solid foundation and its position in a promising market have attracted strong interest from strategic buyers.
With this strategic transaction, Ontime-Franchise secures an important platform in the Iberian and broader European logistics market and has identified Fuentes as a perfect fit for its existing portfolio and future expansion plans.
This will enable Ontime Franchise to further consolidate its position in the region and leverage synergies for further growth.
Johannes Laumann, CIO of Mutares $MUX (-1,1%)commented: "The sale of Fuentes underlines our ability to identify companies with solid business models and attractive market positions. Within a short period of time, we have realized significant shareholder value thanks to important operational improvements and the company's unique strategic positioning. We are pleased to have found a new partner with high synergy potential to support future growth. This transaction will contribute significantly to Mutares' earnings and supports our target to realize exit proceeds of EUR 200 million."
