Report
Geoffroy Michalet

Wendel : Transformative acquisition of Monroe Capital in private debt in the US, Wendel’s AM platform reaches critical size

>Transformative acquisition of Monroe Capital, interesting from many angles! - Wendel announced yesterday the acquisition of Monroe Capital, a US player specialising in private debt with $ 20bn in AuM. We think this announcement is positive in several respects:Platform & critical size: with its $ 20m in AuM combined with the € 12bn for IK Partners (closed in May 2024), this brings Wendel’s AuM for third-parties to € 31m, a critical size that we consider sufficien...
Underlying
Wendel SE

Wendel is an investment company specializing in acquiring long-term holdings in industrial and services companies. Co.'s activities can be divided into six main divisions. Through Bureau Veritas, Co. provides conformity assessment services and certification. Through Stahl, Co. is engaged in high performance coatings and leather finishing products. Through Saint-Gobain, Co. manufactures, transforms and distributes construction materials. Through Legrand, Co. specializes in electrical and digital building infrastructures. Through Deutsch, Co. provides high-performance connectors. Through Materis, Co. provides specialty chemicals for construction.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Geoffroy Michalet

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