{"id":9180,"date":"2020-01-23T16:44:00","date_gmt":"2020-01-23T15:44:00","guid":{"rendered":"https:\/\/www.wendelgroup.com\/allied-universal-wendel-finalise-la-cession-dune-part-supplementaire-de-sa-participation\/"},"modified":"2021-06-23T16:02:10","modified_gmt":"2021-06-23T14:02:10","slug":"allied-universal-wendel-finalizes-the-sale-of-an-additional-portion-of-its-holding","status":"publish","type":"post","link":"https:\/\/www.wendelgroup.com\/en\/allied-universal-wendel-finalizes-the-sale-of-an-additional-portion-of-its-holding\/","title":{"rendered":"Allied Universal:
Wendel finalizes the sale of an additional portion of its holding"},"content":{"rendered":"\n
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On December 13, 2019, Wendel and other Allied Universal shareholders finalized the sale of a majority stake in Allied Universal to Caisse du d\u00e9p\u00f4t et placement du Qu\u00e9bec and to a new investment group headed by Warburg Pincus and a subsidiary of the J. Safra Group.<\/p>\n

Under the terms of the transaction, Wendel sold 79% of its holding in Allied Universal for net proceeds of $721 million and retained a 6% ownership interest in the company.<\/p>\n

The transaction values Wendel\u2019s investment in Allied Universal at around $920 million, including both realized and unrealized portions, or 2.5 times total invested capital in dollar terms. The valuation represents a $670 million uplift from the most recent figure in Wendel\u2019s net asset value, which dates to November 16, 2018.<\/p>\n

This transaction gives Wendel additional resources to grow its portfolio over the long term and seek out new high-quality assets<\/p><\/blockquote>\n

David Darmon,
\nGroup Deputy CEO<\/h5>\n\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n\n
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\n \n \n \n<\/svg>\n For more information, please read the press release published on December 13, 2019<\/span>\n <\/a>\n <\/div> <\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[73],"tags":[37],"class_list":["post-9180","post","type-post","status-publish","format-standard","hentry","category-letter-to-shareholders","tag-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.wendelgroup.com\/en\/wp-json\/wp\/v2\/posts\/9180","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wendelgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wendelgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wendelgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wendelgroup.com\/en\/wp-json\/wp\/v2\/comments?post=9180"}],"version-history":[{"count":0,"href":"https:\/\/www.wendelgroup.com\/en\/wp-json\/wp\/v2\/posts\/9180\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.wendelgroup.com\/en\/wp-json\/wp\/v2\/media?parent=9180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wendelgroup.com\/en\/wp-json\/wp\/v2\/categories?post=9180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wendelgroup.com\/en\/wp-json\/wp\/v2\/tags?post=9180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}