Allied Universal: Wendel has sold its remaining stake

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On April 30, 2020, Wendel announced, along with its results for the first quarter of 2020, the sale
of its remaining stake in Allied Universal to Warburg Pincas and J. Safra Group on April 29, 2020. 

Allied Universal was a highly successful investment for Wendel, as underscored by David Darmon, member of the Executive Board: “Looking at the road we have traveled, we can say that we have contributed to building an international giant. In 2015, we invested in one of the largest, domestic
US companies in its sector. Today, Allied Universal is a true world leader with around 250,000 employees.”

As a reminder, in December 2019, Wendel had sold 79% of its stake in Allied Universal for net proceeds of $721 million. This new transaction valued Wendel’s total investment in Allied Universal
at around $918 million, i.e. around 2.5 times Wendel’s total investment.

For more information, please read the press releases published on December 13, 2019 and April 30, 2020.

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