WENDEL: Wendel Completes the Acquisition of ACAMS, the world’s largest membership organization dedicated to fighting financial crime
March 11 2022 - 1:31AM
WENDEL: Wendel Completes the Acquisition of ACAMS, the world’s
largest membership organization dedicated to fighting financial
crime
PRESS RELEASE - MARCH 11, 2022
Wendel Completes the Acquisition of ACAMS, the
world’s largest membership organization dedicated to fighting
financial crime
Wendel (Euronext: MF.FP) has completed the
acquisition of the Association of Certified Anti-Money Laundering
Specialists (“ACAMS” or the “Company”) from Adtalem Global
Education (NYSE: ATGE).
Wendel invested $338 million of equity for
a c. 98% interest in the Company, alongside ACAMS’ management
and a minority investor.
ACAMS is the global leader in training and
certifications for anti-money laundering (“AML”) and financial
crime prevention professionals. ACAMS has a large, global
membership base with more than 90,000 members in 175 jurisdictions,
including over 50,000 professionals who have obtained their CAMS
certification-an industry recognized AML qualification- that
promotes ongoing education through participation in conferences,
webinars, and other training opportunities.
The Company has approximately 275 employees
primarily located in the U.S., London and Hong Kong that serve its
global customers.
As a mission-driven provider of services that
ultimately reduce the funding of terrorism and human trafficking
(among other nefarious activities), ACAMS fits well with Wendel’s
CSR values. This investment represents a new milestone in Wendel’s
2021-2024 roadmap and its announced target to accelerate the
redeployment of capital toward companies with higher growth
rates.
Macquarie Capital and Harris Williams served as
Wendel’s financial advisors, and Kirkland & Ellis LLP as its
legal advisor in the acquisition of ACAMS.
- PR_Wendel_CLOSING ACAMS_03112022
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