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Wendel — M&A Activity 2022
Mar 11, 2022
1769_iss_2022-03-11_55c1e823-c392-4bf4-be5a-4e320ae0f415.pdf
M&A Activity
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P R E S S R E L E A S E - M A R C H 1 1 , 2 0 2 2
Wendel Completes the Acquisition of ACAMS, the world's largest membership organization dedicated to fighting financial crime
Wendel (Euronext: MF.FP) has completed the acquisition of the Association of Certified Anti-Money Laundering Specialists ("ACAMS" or the "Company") from Adtalem Global Education (NYSE: ATGE).
Wendel invested \$338 million of equity for a c. 98% interest in the Company, alongside ACAMS' management and a minority investor.
ACAMS is the global leader in training and certifications for anti-money laundering ("AML") and financial crime prevention professionals. ACAMS has a large, global membership base with more than 90,000 members in 175 jurisdictions, including over 50,000 professionals who have obtained their CAMS certification-an industry recognized AML qualification- that promotes ongoing education through participation in conferences, webinars, and other training opportunities.
The Company has approximately 275 employees primarily located in the U.S., London and Hong Kong that serve its global customers.
As a mission-driven provider of services that ultimately reduce the funding of terrorism and human trafficking (among other nefarious activities), ACAMS fits well with Wendel's CSR values. This investment represents a new milestone in Wendel's 2021-2024 roadmap and its announced target to accelerate the redeployment of capital toward companies with higher growth rates.
Macquarie Capital and Harris Williams served as Wendel's financial advisors, and Kirkland & Ellis LLP as its legal advisor in the acquisition of ACAMS.
Agenda
03.18.2022
2021 Full Year Results - Publication of NAV as of December 31, 2021 (pre-market release)
04.28.2022
Q1 2022 Trading update - Publication of NAV as of March 31, 2022 (pre-market release)
06.16.2022
Annual General Meeting
07.29.2022
H1 2022 results - Publication of NAV as of June 30, 2022, and condensed Half-Year consolidated financial statements (pre-market release).
10.28.2022
Q3 2022 Trading update - Publication of NAV as of September 30, 2022 (pre-market release).
12.01.2022
2022 Investor Day.
About Wendel
Wendel is one of Europe's leading listed investment firms. The Group invests in Europe and North America in companies which are leaders in their field, such as Bureau Veritas, Tarkett, Stahl, IHS Towers, Constantia Flexibles, Crisis Prevention Institute and ACAMS. Wendel often plays an active role as a controlling or significant shareholder in its portfolio companies. Wendel seeks to implement long-term development strategies, which involve boosting growth and margins of companies so as to enhance their leading market positions.
Wendel is listed on Eurolist by Euronext Paris.
Standard & Poor's ratings: Long-term: BBB, stable outlook – Short-term: A-2 since January 25, 2019
Moody's ratings: Long-term: Baa2, stable outlook – Short-term: P-2 since September 5, 2018
Wendel is the Founding Sponsor of Centre Pompidou-Metz. In recognition of its long-term patronage of the arts, Wendel received the distinction of "Grand Mécène de la Culture" in 2012.
For more information: wendelgroup.com
Follow us on Twitter @WendelGroup
Press contacts Analysts and investors contacts
Christine Anglade-Pirzadeh: +33 (0)1 42 85 63 24 Olivier Allot : +33 (0)1 42 85 63 73 [email protected] [email protected]
Caroline Decaux: +33 (0)1 42 85 91 27 Lucile Roch : +33 (0)1 42 85 63 72 [email protected] [email protected]
Alexis de Maigret / Jawad Khatib : +33 (0)6 12 66 22 49 Vae Solis Communications [email protected]
Todd Fogarty: + 1 212 521 4854 Kekst CNC [email protected]