Wendel signs an agreement to acquire ACAMS | Photo credit: Shutterstocks
Jan 24 (Reuters) – Investment firm Wendel announced on Monday an agreement to acquire ACAMS, a company specializing in anti-money laundering training and certification, for a value of 500 million dollar (441? million euro) company.
“As a provider of services that ultimately make it possible to effectively fight against criminal activities such as the financing of terrorism, human trafficking and other violations of fundamental rights, the environment and biodiversity, ACAMS is in total adequacy with the ESG values of our group,” Wendel Chairman of the Executive Board André François-Poncet and Executive Board member David Darmon said in a statement.
This transaction is made as part of an agreement with Colibri Group, a portfolio company of Gridiron Capital, to acquire the Financial Services segment of Adtalem Global Education.
Wendel, which will hold around 99% of ACAMS’ capital, plans to invest up to around $355 million in equity. The finalization of this operation should take place in the first half of 2022. (Reportage Sudip Kar-Gupta and Anait Miridzhanian, edited by Blandine Hénault)