Wendel Q3 2025 Nav Per Share At EUR 163, In Negotiations To Acquire Committed Advisors
Wendel SE 
MF:
Q3 2025 NAV PER SHARE AT €163.0; WENDEL TO REACH A KEY MILESTONE IN THE IMPLEMENTATION OF ITS BUSINESS MODEL TRANSFORMATION
EXCLUSIVE NEGOTIATIONS WITH A VIEW TO ACQUIRE COMMITTED ADVISORS
WENDEL WILL PAY AN INTERIM DIVIDEND OF EUR 1.50 PER SHARE FOR 2025 ON NOVEMBER 20TH
FOLLOWING ACQUISITION OF COMMITTED ADVISORS, WENDEL INVESTMENT MANAGERS WOULD EXCEED EUR 200 MILLION IN 2026 ANNUAL FRE AND MORE THAN EUR 46 BILLION IN AUM
END-SEPT CASH POSITION: EUR 2.4 BILLION + EUR 875 MILLION IN COMMITTED CREDIT FACILITY (FULLY UNDRAWN)
LTV RATIO AT 13.8%5 AS OF SEPTEMBER 30, 2025
WENDEL WOULD ACQUIRE AT CLOSING 56% OF COMMITTED ADVISORS FROM ITS FOUNDERS
WOULD ALLOCATE UP TO EUR 500 MILLION MAKE ANCHOR COMMITMENTS IN CA'S SUCCESSOR FUND
POST CLOSING, CA MANAGEMENT WOULD RETAIN A 44% EQUITY INTEREST IN GP WITH A SELL-DOWN OVER A PERIOD OF 10 YEARS
PAYMENT OF EUR 258 MILLION WOULD BE MADE AT CLOSING, WITH ADDITIONAL EARNOUT OF UP TO EUR 128 MILLION PAYABLE IN 2028, 2029 AND 2030, SUBJECT TO FRE AND FUND RAISING TARGETS
REMAINING 44% OF CA'S SHARE CAPITAL WOULD BE ACQUIRED BY WENDEL THROUGH SUBSEQUENT TRANSACTIONS SCHEDULED BETWEEN 2029, 2032 AND 2035
ACQUISITION OF MAJORITY STAKE IS EXPECTED TO CLOSE IN Q1 OF 2026