A long-term investor
Wendel is a hands-on investor and shareholder that assists sector-leading companies in their long-term development. Wendel's business model combines the entrepreneurial passion born of a long family tradition with a culture of performance and accountability.
News
01 March 2010
Wendel announces that it holds a 92% stake in STAHL and has completed a successful financial restructuring with unanimous lenders support
€ 60 million investment by Wendel - Wendels stake in Stahl increased from 48% to 92% - Stahls total debt reduced from € 350 million to € 195 million
Read more [+]02 February 2010
Wendel announces the success of the initial public offering of Helikos
Wendel announces the success of the initial public offering of Helikos on the Frankfurt Stock Exchange, subscribed for 200 M€. This transaction is the largest on the Frankfurt Stock Exchange since mid-2008. Helikos' shares and warrants are expected to trading on February 4, 2010. Through this innovative project, Wendel restarts its investment policy by focusing on German Mittelstand companies with a strong development potential, in an economy well-oriented to take part in the worldwide recovery.
Read more [+]12 January 2010
Wendel supports the launch of the initial public offering of Helikos, a "Special Purpose Acquisition Company" (SPAC) dedicated to the German market
Helikos is a company dedicated to investing in a non-listed company in Germany. Following its IPO, and based on the initial amount of the offer, Helikos will seek to invest € 250 million in a German Mittelstand company with an enterprise value of between € 300 million and € 1 billion
Read more [+]03 December 2009
Investor Day 2009
Read more [+]03 December 2009
2009 Investor Day
Wendel announces on the occasion of its Investor Day in Paris on December 3, 2009, with the theme "Innovation: a springboard for recovery", the following items: - More than 95% of lenders support the proposed Stahl debt restructuring - Wendel has increased its economic exposure to Saint-Gobain shares from 64% to 73% via the sale of some of its puts for €163.4 million, - Exposure to the construction sector has been optimized, following the sale of 15 million Legrand shares. Wendel and KKR remain the controlling shareholders, with 25% of the shares and 32.5% of the voting rights each - €1,231 million in bank debt and a €300 million undrawn credit line have been extended, on top of the extensions already announced - Gross debt has been reduced by €667.5 million, including €467.5 million in early repayment - Net Asset Value is €52,2 per share as of November 30, 2009, up 40,3% from August 26, 2009
Read more [+]30 November 2009
INVESTOR DAY
The Group's unlisted companies will be presented to investors, financial analysts and journalists on Tuesday, December 3, 2009, in Paris at the Pavillon Cambon
Read more [+]24 November 2009
KKR and Wendel have successfully completed the placing of a 11% stake in Legrand
Funds advised by Kohlberg Kravis Roberts & Co. ("KKR") and Group Wendel announce the successful completion of the joint sale of 30 million shares of Legrand at a price of 18.50 euros per share. Both shareholders sold shares in the same proportions.
Read more [+]23 November 2009
Partial sale of Legrand's shares by its controlling shareholders
Funds advised by Kohlberg Kravis Roberts & Co. ("KKR") and Wendel announce that they are jointly selling in the market a total of 30 million shares, representing approximately 11% of Legrand, by way of an accelerated book building to institutional investors
Read more [+]05 November 2009
Wendel nine-month sales held up well, decline limited to 2.8%
Consolidated third-quarter 2009 sales: €1,188.9 million - Month-by-month improvement in sales of companies exposed for one year to the recession - Continued adaptation of Group's companies effective against the recession - Active support for Wendel Group companies - More steps to strengthen Wendel's financial structure and make it more flexible
Read more [+]28 September 2009
Wendel: Success of bond offer
Le présent communiqué est une publicité et non un prospectus tel que défini dans la Directive 2003/71/EC (telle que transposée par chaque Etat membre, la « Directive Prospectus »). Il ne constitue pas une offre publique de titres en France, aux Etats-Unis, en Italie ou dans tout autre Etats. Un prospectus a été établi et mis à disposition du public uniquement au Luxembourg conformément à la Directive Prospectus. Les investisseurs ne devraient proposer d'échanger, de souscrire ou d'acquérir les titres auxquels il est fait référence dans le présent communiqué que sur la base des informations contenues dans le prospectus portant sur ces titres et sous réserve des restrictions qui y sont décrites. L'offre d'échange auquel il est fait référence dans le présent communiqué n'est pas ouverte aux Etats-Unis ou en Italie, et est soumise, dans certains autres pays, à des restrictions légales et réglementaires spécifiques. Aucune communication et aucune information concernant l'offre ne peut être diffusée au public dans un quelconque pays dans lequel un enregistrement ou une autorisation serait requise. Aucune démarche n'a été ni ne sera entreprise dans tout pays autre que le Luxembourg.
Read more [+]21 September 2009
Wendel announces the launch of an offer in Luxembourg to exchange its 5.00 percent bonds due 2011
Le présent communiqué est une publicité et non un prospectus tel que défini dans la Directive 2003/71/EC (telle que transposée par chaque Etat membre, la « Directive Prospectus »). Il ne constitue pas une offre publique de titres en France, aux Etats-Unis, en Italie ou dans tout autre Etats. Un prospectus a été établi et mis à disposition du public uniquement au Luxembourg conformément à la Directive Prospectus. Les investisseurs ne devraient proposer d'échanger, de souscrire ou d'acquérir les titres auxquels il est fait référence dans le présent communiqué que sur la base des informations contenues dans le prospectus portant sur ces titres et sous réserve des restrictions qui y sont décrites. L'offre d'échange auquel il est fait référence dans le présent communiqué n'est pas ouverte aux Etats-Unis ou en Italie, et est soumise, dans certains autres pays, à des restrictions légales et réglementaires spécifiques. Aucune communication et aucune information concernant l'offre ne peut être diffusée au public dans un quelconque pays dans lequel un enregistrement ou une autorisation serait requise. Aucune démarche n'a été ni ne sera entreprise dans tout pays autre que le Luxembourg.
Read more [+]31 August 2009
First half 2009 results affected by the recession and non-recurring accounting losses
Net income from business sectors: E61.8M, reflecting excellent resilience in the Group's companies - Net loss of E901.3M, affected by significant reductions in book values - Improvement in the Group's financial condition through E781M in asset sales - Sound cash position of E2,553M at June 30, 2009 - Extension of E1,255M in bank debt and of an undrawn credit line for E600M achieved in July-August 2009 - Support for unlisted subsidiaries through successful negotiation with lenders - Net asset value: E37.2 per share as of August 26, 2009
Read more [+]06 May 2009
Oranje-Nassau Groep, a fully-owned subsidiary of the Wendel group, is to sell its energy activities
Following a strategic review of its activities, the Dutch group Oranje-Nassau, 100% subsidiary of Wendel, has signed an agreement with the intention of selling its oil and gas activities to a Dyas led consortium composed of ONH B.V. (a Dutch private investment company controlled by Marcel van Poecke), Dyas UK limited (100% owned subsidiary of SHV Holdings N.V.) and a Japanese international trading and investment firm.
Read more [+]