Wendel
The Bolt-Ons Digest – 20 March 2023
Unquote’s selection of the latest add-ons with Cinven's ETC, PAI's Apleona, TA Associate's Fairstone, and more
BC Partners, Cinven, Apax and Wendel circle Havea sale
French natural consumer healthcare manufacturer is set to collect non-binding bids next month
Sale of Eurazeo's Sommet gets underway
Process has kicked off with the distribution of IMs and indicative bids slotted for mid-January
Cinven to acquire Chryso from LBO France
LBO France acquired Chryso from Wendel-backed Materis for €285m in 2014
Wendel-backed Stahl acquires BASF leather chemicals activity
Group has undergone several refinancings since Wendel's first investment in 2006
KKR sells Winoa to KPS Capital Partners
KKR acquired steel abrasivesn producer Winoa in 2013 through a debt restructuring of the company
Astorg to buy Kerneos from Materis for €600m
French GP Astorg Partners has entered exclusive negotiations to acquire chemicals company Kerneos from Wendel-owned Materis for €600m.
Alpha sells Mecatherm to Wendel for €170m
Alpha has agreed to sell Mecatherm, a French manufacturer of production lines for bakery products, to industrial holding Wendel.
Wendel acquires Parcours
Private equity firm Wendel has acquired a 95% stake in French vehicle leasing company Parcours for €107m.
Ares Life Sciences to take Stallergenes private
Ares Life Sciences has agreed to buy 45.6% of listed French biopharma Stallergenes from Wendel, and plans to file a mandatory takeover offer for all the remaining shares.
Standard & Poor's downgrades Wendel rating
Listed investment company Wendel saw its long-term credit rating downgraded from BB to BB- by Standard & Poor's (S&P) today.
KKR sells 4.4% stake in Legrand
KKR is to sell a 4.4% stake in Legrand, an electrical equipment company.