Regulatory Filings • Apr 15, 2011
Regulatory Filings
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Wendel confirms today the closing of Parcours's acquisition via its subsidiary Oranje-Nassau Développement, after obtaining the necessary authorizations.
The invesment carried out by Wendel reachs €107 million, totally in equity, without additional debt.
Founded in 1989, Parcours is the sole independent player of significant size in the operational leasing sector in France. The company enjoys an excellent track record over the last ten years with a five-fold increase in sales and which has achieved €247 million (IFRS) in 2010. Parcours will continue and amplify its activity in France and in Europe, through the expansion of its value-added range of services' business model.
Wendel is one of Europe's leading listed investment firms. The Group invests in France and abroad, in companies that are leaders in their businesses: Bureau Veritas, Legrand, Saint-Gobain, Materis, Deutsch and Stahl. Wendel plays an active role as industry shareholder. It implements long-term development strategies, which involve boosting growth and margins of companies so as to enhance their leading market positions.
Through Oranje-Nassau Développement, which gathers growth, diversification and innovative investment opportunities, Wendel is also invested in VGG in the Netherlands, Helikos in Germany, and will soon be invested in Parcours in France.
Wendel is listed on Eurolist by Euronext Paris.
Standard & Poor's rating: Long term BB-, stable outlook – Short term B since 19 July 2010.
Wendel is the Founding Sponsor of the Centre Pompidou-Metz, which has hosted nearly 700,000 visitors since its opening in May 2010.
Anne-Lise Bapst:+ 33 (0) 1 42 85 63 24 Laurent Marie: +33 (0)1 42 85 91 31 [email protected] [email protected] Christèle Lion: + 33 (0) 1 42 85 91 27 Olivier Allot: +33 (0)1 42 85 63 73 [email protected] [email protected]
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