Munich-based private equity firm Mutares has sold Cimos, a manufacturer of aluminum and iron castings and machined components for the automotive industry, to members of Cimos’ management team, supported by investor Vero Automotive. Cimos operates production sites in Slovenia, Croatia, Serbia and Bosnia and Herzegovina, employs approximately 1,350 people and generates revenues of approximately €120 million. Mutares acquired Cimos in 2022 and integrated it into Ferr Al United Group, its automotive platform for forgings, castings and machined components.

The sale reflects Mutares’ targeted reduction of its Automotive & Mobility portfolio exposure. Johannes Laumann, CIO of Mutares, stated the divestment marks another step in actively managing the firm’s portfolio. The transaction was completed with backing from Vero Automotive, enabling the management buyout.