ANSWER PRESSSA – 20.02.2019
Wendel names many sales
of his interest in Allied Universal
Wendel announces today that he has offered about 40% of its interest, as well as the other shareholders in Allied Universal (the "Company"), who is a leader in security services in North America, with Chaisse de dépôt et placement du Québec ("CDPQ"), with an enterprise value of over $ 7 billion. At the same time, Allied Universal has signed up with an agreement with Caisse de depot et placement du Québec, which will invest up to around $ 400 million in equity capital to support the Company's growth strategy and construction plans. After all, Wendel maintains an 18% interest in Allied Universal.
This business pro forma, CDPQ is a member of Allied Universal with the highest number of capital. The Company will retain the majority ownership of the shareholders; already, including Wendel, Warburg Pincus and management, and their agents are still in the & # 39; Most of their Board of Directors. It is expected that the final finishing will be sold in the third quarter of 2019, in accordance with terms closing and obtain regulatory agreements.
As a result of its business, it is & # 39; expects that Wendel get around $ 350 million in money, which, based on previous releases, exceeds its first total investment in the Company.
"This business is a strong insight into the Allied Universal strategy and vision, and it is a real recognition of the excellent work done by our teams," said Allied Universal. Steve Jones, Head of General Relations. Wendel and Warburg Pincus are the special partners that have supported rapid development over the last few years. We are delighted to welcome Caisse de dépôt et placement du Québec, and the long-term approach is in line with our strategy to continue the development of Allied Universal in security and related technological solutions . I look forward to cooperating in the future with our new partners. "
"We are very proud of the progress made by Steve and our Allied Universal teams during our partnership, and we are looking forward to the ongoing development of Allied Universal with support from the Chaisse de depot et placement du Québec ", says Daibhidh Darmon and Adam Reinmann, Directors of the Wendel of North America.
André François-Poncet, Chairman of the Board of Directors Wendel, said: "I am very pleased to see a museum of Caisse de depot and placement du Quebec coming together with Allied Universal shareholders to continue to develop and Strengthening its leadership position in its department. This business offers an extra way for Wendel to improve their care over the long term and to & # 39 ; look for new assets. "
History of Wendel's investment in Allied Universal
Wendel ended up raising Allied Barton in December 2015 for around $ 1.68 billion. As part of this activity, Wendel spent around $ 687 million in equality with Allied Barton's management to get around 95% of the capital. In 2016, Allied Barton joined United States General Services, with Warburg Pincus, creating a security leader in North America. As a result of this feature, Wendel received around 33% of the Allied Universal shares and $ 388 million in cash in exchange for shares in Allied Barton. In October 2018, Wendel provided an additional £ 78 million to support the acquisition of U.S. Security Associates with Allied Universal.
About a general relationship
With over $ 7 billion in revenue and over 210,000 employees on 38,000 user sites, Allied Universal is the largest security services provider in North America. The company has a & # 39; offers a wide range of security services to clients, and thank the security officers and technological tools, and including a security system and remote study, to a large group of customers in many departments. activities.
Barclays and Morgan Stanley & Co LLC were financial advisers for Allied Universal in this business. Cleary Gottlieb Steen & Hamilton LLP and Skadden, Arps, Slate, Meagher & Flom LLP were legal advice in this matter.
2018 annual results / Disclosure of NAV on 31 December 2018 (by market).
The 2019 General Convention / Disclosure of NAV on March 31, 2019 and renewal of the T1 (by Stock Stock).
Results Q2 2019 / Declaration of NAV on June 30, 2019 and renewal of the T2 (after the Stock Company).
2019 consolidated financial statements for half-year (by Stock Stock) – Publications of the related half-year financial equality bills.
2019 / Declaration of NAV on September 30, 2019 and renewal of the T3 (before stock market came up).
Wendel is one of the largest investment companies in Europe. It is investing in Europe, North America and Africa, in a & # 39; company management of their department: Bureau Veritas, Saint-Gobain, Cromology, Stahl, IHS, Constantia Flexibles and Allied Universal, in which he has an active part of a majority or his / her first class. It will implement long-term development strategies that will enhance the growth and profit of companies to increase their leadership roles. Through Ovelop-Nassau Développement, which brings together investment opportunities for growth, diversification and innovation, Wendel also has a " invest in Tsebo in Africa.
Wendel is listed on Eurolist Euronext Paris.
Rating given by Standard & Poors: Long-term: BBB with a consistent vision – Short-term: A-2 from 25 January 2019
Rating given by Moody: Long-term: Baa2 with a consistent vision – Short-term: P-2 from September 5, 2018
Wendel is a basic Assistant at the Pompidou-Metz Center. Due to its long-term cultural commitment, Wendel received the title of Culture Supporter in 2012.
For more information: wendelgroup.com
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Well: WENDEL through Globenewswire