Press Release – October 24, 2024

Fully Diluted Net Asset Value

Wendel has reported a fully diluted Net Asset Value of €184.5, showing an increase of +13.7% year-to-date (+5.3% since June 30). This growth is attributed to several key factors, including the acquisition of Monroe Capital and the expansion of Wendel’s Asset Management platform.

Acquisition of Monroe Capital

This acquisition marks a significant milestone for Wendel, as it not only expands its Asset Management platform but also helps rebalance its business model towards more recurring cash flows and growth. The fully diluted NAV per share as of September 30, 2024, is €184.5, reflecting a +16.1% increase since the beginning of the year.

The increase in Bureau Veritas’ share price (+34% YTD), the positive contribution of Asset Management activities (such as IK Partners), and the active portfolio rotation have all played a role in this growth.

Principal Investment and Asset Management

Wendel has seen €2.3 billion in proceeds and value crystallization through the sale of 9% of Bureau Veritas’ share capital and the disposal of Constantia Flexibles. Additionally, €0.7 billion has been invested, including a significant investment in Globeducate.

On the Asset Management front, €0.4 billion has been invested in the acquisition of 51% of IK Partners, and $1.13 billion will be invested in equity to acquire 75% of Monroe Capital, with the closing expected in the first half of 2025. These investments highlight Wendel’s growing focus on its Asset Management business as a key driver of performance.

Impact on Individuals

As an individual investor, the acquisition of Monroe Capital by Wendel and its focus on expanding the Asset Management platform could potentially provide opportunities for higher returns and more diversified investment options. It is essential to keep an eye on how these developments may impact your investment portfolio and financial goals.

Global Impact

From a global perspective, Wendel’s strategic moves in acquiring Monroe Capital and expanding its Asset Management business could have ripple effects in the financial industry. It may lead to increased competition, innovation, and potentially new opportunities for investors worldwide. These developments could contribute to shaping the landscape of the financial market in the coming years.

Conclusion

In conclusion, Wendel’s recent announcements and financial performance reflect a strategic shift towards a more balanced and growth-oriented business model. The acquisition of Monroe Capital and the expansion of the Asset Management platform demonstrate the company’s commitment to generating sustainable returns for its investors and stakeholders. It will be interesting to see how these developments unfold and the impact they will have on the company, individuals, and the global financial market.