WENDEL overview

Laure Delabeye appointed Director of Human Resources and Services at Wendel Wendel announces the appointment of Laure Delabeye as Director of Human Resources and Services for the Wendel Group. In this role, she will be in charge of Human Resources, General Resources and IT services. Biography of Laure Delabeye After graduating from EFAP (École des nouveaux métiers de la communication) and IGS (Institut de Gestion Sociale), Laure Delabeye, 54 years old, worked over 25 years as Human Resources...

Wendel joins Providence to support Globeducate, a leading international K-12 education group, through its next phase of growth Wendel (Euronext: MF.FP) announced today it has entered into an agreement with Providence Equity Partners, (“Providence”), a premier private equity firm specializing in growth-oriented investments in media, communications, education and technology, to invest in Globeducate, one of the world’s leading international K-12 education groups. Following the transaction,...

Wendel Growth to realize its first exit following exclusive discussions with Safran to acquire Preligens, a leader in artificial intelligence for aerospace and defense Safran today announced that it has entered into exclusive discussions to acquire 100% of Preligens, a leader in artificial intelligence (AI) for aerospace and defense, for an enterprise value of 220 million euros. In early 2023, Wendel had invested c.€10.2 million in convertible bonds and warrants in Preligens. The realization...

Wendel supports Scalian to acquire MANNARINO Systems & Software, a pre-eminent engineering services specialist for advanced technology R&D based in North America Wendel (Euronext: MF.FP), announces today that Scalian has concluded the acquisition of MANNARINO Systems & Software. The Canadian company is a leading engineering services specialist for advanced technology R&D for the aviation sector, primarily in North America, with recognized expertise in safety-critical embedded software and...

Wendel announces the discontinuation of its credit rating from Moody’s. For its own business reasons, including its cost management, Wendel has decided not to request anymore for Moody’s sollicitated rating as of end of May 2024. Wendel has decided to uphold a single Issuer Credit Rating and bond rating by S&P Global Ratings. S&P assigned a long term BBB rating, a short term A-2 rating with a stable outlook since 2019. Agenda Wednesday July 31, 2024 H1 2024 results - Publication of NAV as of...

Wendel completes the acquisition of a 51% stake in IK Partners, a major step in the deployment of its strategic expansion in third-party private asset management Wendel (Euronext: MF.FP), today announced the completion of the acquisition of 51% stake in IK Partners (“IK”), following regulatory approvals. As part of this initial transaction, Wendel will invest a total of 383 1 million euros, or c. 12.5 times the estimated 2024 pre-tax Fee Related Earnings (“FRE”) 2 , to acquire 51% of...