2011 Press Releases

02 December 2011

Wendel's 10th annual Investor Day

- Net asset value: €76.6 per share on November 22, 2011, up slightly since August 22, 2011, despite market decline - The financial structure has been strengthened, with €300 million in debt reduction since end-August 2011, bringing total gross paydown in 2011 to €1,565 million - Projected sale of Deutsch to TE Connectivity for net proceeds of €954 million.

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29 November 2011

WENDEL GRANTS EXCLUSIVITY TO TE CONNECTIVITY FOR THE SALE OF DEUTSCH

Wendel was approached by TE Connectivity (NYSE:TEL) and today received a firm offer to acquire all share capital of Deutsch, a world leader in connectors for harsh environments --- TE Connectivity proposes to acquire in euros all share capital of Deutsch for an enterprise value of around $2.1 billion - For Wendel, the net proceeds would amount to € 954 million - It would represent a capital gain of € 575 million and 2.4 of Wendel's total investment - The completion of the transaction should take place during the first half of 2012, subject to customary regulatory approvals

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09 November 2011

WENDEL: INCREASE IN CONSOLIDATED Q3 2011 SALES

Increase in sales at all Group companies - Consolidated third-quarter 2011 sales: €1,615 million, up 13.6% - Consolidated nine-month sales: €4,752 million, up 18.1%, of which 7.6% was organic - Financial structure strengthened still further: Legrand share sales for a total of €334 million and €140 million in debt paid off in advance in November, bringing the reduction in gross debt to €1,405 million since the beginning of the year

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09 November 2011

Wendel reports a circa € 191 million capital gain from the sale of a 4.9% stake of Legrand's share capital

Wendel and Kohlberg Kravis Roberts & Co. (together with its affiliates, "KKR") have announced the successful completion of the joint sale of 24.3 million shares of Legrand, representing 9.2% of Legrand's share capital, at a price of 24 euros per share - In this context, Wendel sold approximately 13 million shares or 4.9% of Legrand's share capital for a global amount of € 313 million and a capital gain of around € 191 million - Following the sale of approximately 890 000 Legrand shares at an average price of approximately 24 euros per share during last September and the transaction completed today, Wendel holds approximately 5.8% of the share capital of Legrand and approximately 10.1% of its voting rights. >>

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09 November 2011

KKR and Wendel complete the sale of approximately 24.3 million shares of Legrand

Funds managed by Kohlberg Kravis Roberts & Co. (together with its affiliates, "KKR") and Wendel have completed the joint sale of 24.3 million shares of Legrand at a price of 24 euros per share >>

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08 November 2011

Partial sale of Legrand's shares by KKR and Wendel

Kohlberg Kravis Roberts & Co. (together with its affiliates, "KKR") and Wendel announce that funds managed by them and their affiliates are intending to sell in the market a total of approximately 24.3 million shares, consisting of approximately 11.3 million shares to be sold by KKR and approximately 13 million shares to be sold by Wendel - Such aggregate amount represents approximately 9.2% of the share capital of Legrand as of October 31, 2011

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04 October 2011

WENDEL ACQUIRES THE MECATHERM GROUP VIA ORANJE-NASSAU DÉVELOPPEMENT

Wendel today confirms that the acquisition of the Mecatherm group has been completed, via Oranje-Nassau Développement, at an enterprise value of approx. €170 million - Wendel will hold 98% of the capital, alongside management, who will hold the remaining shares.

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31 August 2011

Wendel further strengthens its financial position and posts a sharp increase in earnings in H1 2011

- Consolidated sales up 20.6% at €3,136.9 million. - Strong growth of net income from business sectors, Group share, up 41.9% to €174.8 million. - Financial structure further strengthened since the start of the year, with gross debt reduced by €1,265 million (nearly €3.4 billion since 2009) - Very substantial room for maneuver, with more than €1 billion in cash and €1.4 billion in undrawn credit lines - Net Asset Value: €75 per share, impacted by the sudden drop in financial markets. - Operating outlook in the Group's companies in line with guidance announced at the start of the year

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26 July 2011

Wendel : closing of the acquisition by Helikos of Exceet, the European Market Leader in Embedded Intelligent Electronic Systems

Wendel takes note of the closing today of the acquisition of Exceet Group AG, the European Market Leader in Embedded Intelligent Electronic Systems, by Helikos, renamed " Exceet Group SE ", listed on the Frankfurt stock exchange. Wendel, sponsor of Helikos through Oranje-Nassau Développement, owns 28.4% of the public shares and 30.2% of the voting rights and capital of Exceet This stake could mechanically evolve in the future if Exceet's stock price reaches certain thresholds.

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21 July 2011

Wendel supports Helikos' success by becoming a shareholder in Exceet, the European Market Leader in Embedded Intelligent Electronic Systems

Wendel, the founder of Helikos through Oranje-Nassau Développement, announces that it will become a shareholder in Exceet Group AG, the European market leader in embedded intelligent electronic systems, following the approval of the acquisition of Exceet by Helikos' extraordinary general meeting which was held today - The closing of the acquisition is expected to occur on July 26, 2011 - Wendel will then own 28.4% of the public shares and 30.2% of the voting rights of Helikos - This stake could mechanically evolve in the future if Exceet's stock price reaches certain thresholds

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13 July 2011

Wendel: New Significant Step in the Proposed Acquisition by Helikos of Exceet Group AG, European Market Leader in Embedded Intelligent Electronic Systems

Helikos indicated on July 11, 2011 that an agreement between Wendel1 and Ventizz, current shareholder of Exceet, had been reached - Pursuant to that agreement, Wendel agreed to exercise its purchase option as founder of Helikos, in order to limit to 25.51%, the redemptions of public shares that Helikos has received in connection with the proposed acquisition of Exceet and to ensure that Helikos contributes a minimum of €15 million in cash to Exceet in a capital increase - In this context, and on the basis of its confidence in Exceet's company quality and its mid- and long-term development prospects, Wendel announces that it exercised on July 12, 2011 its option to purchase, if the acquisition of Exceet is completed, 7 911 554 Helikos Public Shares, out of which, in accordance with the agreement of July 11, 2011, 2 762 283 Public Shares, i.e. €27.8 million, will be financed by Wendel and 5 149 271 Public Shares, i.e. €51,8 million, will be financed by Ventizz, Exceet's management and other investors. For its part, Helikos will redeem 5 101 305 Public Shares, i.e 25.51% of its capital...

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11 July 2011

Wendel: signature of a share purchase agreement to acquiring the MECATHERM Group, the world leader in industrial bakery equipment

Having entered into exclusive negotiations with funds advised by Alpha on June 30th, Wendel announces the signature, through its subsidiary Oranje-Nassau Développement, of a share purchase agreement with a view to becoming the majority shareholder of the MECATHERM Group - The MECATHERM Group's Works Councils gave the transaction a unanimous positive opinion - Wendel's offer values the MECATHERM Group at €170 million, which corresponds to 9 times EBITA - Subject to receiving the necessary approvals from the competition authorities, the definitive acquisition of the Group MECATHERM is expected to take place during the third quarter of 2011.

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30 June 2011

Wendel: exclusivity agreement in view to acquire MECATHERM, the world leader in industrial bakery equipment

Today, Wendel is announcing that is has submitted a firm offer, with a view to becoming the majority shareholder of MECATHERM - Through its subsidiary, Oranje-Nassau Développement, Wendel has entered a period of exclusive negotiation with the funds advised by Alpha to finalise the transaction - Wendel's offer values MECATHERM at €170 million, which corresponds to 9 times EBITA.

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22 June 2011

Deutsch appoints new CEO

Bertrand Dumazy has been appointed CEO of Deutsch Group, the world leader in high-performance connectors and subsidiary of Wendel Group _ He replaces Jean Marie Painvin, who, in his capacity as CEO, was responsible for Group operations - Since Wendel acquired Deutsch in April 2006, Mr. Painvin has contributed to the success of the Group, navigating through the recession in an exemplary manner - Jean Marie Painvin has taken over the position of Chairman of Deutsch, and he will also be responsible for the Group's partnerships and acquisitions

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07 June 2011

WENDEL SUPPORTS HELIKOS IN ITS INTENT TO ACQUIRE A FAST GROWING TECHNOLOGY COMPANY, EXCEET GROUP AG

Helikos, a company established with the support of Wendel and listed on the Frankfurt Stock Exchange with the aim of investing in a non-listed company, has reached an agreement to purchase, for a consideration consisting of 110.5 M€ in cash, 3 million new Helikos public shares and 9 million Helikos earn-out shares, the Swiss technology company Exceet Group AG.

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30 May 2011

Wendel: 2011 Combined Shareholders' Meeting - Gérard Buffière and Humbert de Wendel are appointed as members of the Supervisory Board and Didier Cherpitel is reappointed - Dividend: €1.25 per share

Gérard Buffière and Humbert de Wendel are appointed as members of the Supervisory Board and Didier Cherpitel is reappointed - Dividend: €1.25 per share

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30 May 2011

WENDEL: NET ASSET VALUE DOUBLED OVER THE LAST TWELVE MONTHS

Net asset value per share of €109.3 at 19 May 2011 - Debt without margin calls repaid in full - Non-listed subsidiaries valued at more than €1 billion

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26 May 2011

Wendel and Saint-Gobain establish the principles and objectives of their long-term cooperation

Wendel and Saint-Gobain are satisfied that the agreements signed in March 2008 have allowed Saint-Gobain to develop in favorable conditions - The representation of Wendel on Saint-Gobain's Board of Directors, the creation of a Strategy Committee and the resulting high-quality discussions have helped to establish a constructive dialogue and efficient governance, and are likely to create favorable conditions for the Group's development over the long term

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05 May 2011

EXTREMELY SHARP RISE IN CONSOLIDATED SALES (24.9%) IN FIRST-QUARTER 2011

- The rate of organic growth accelerates : +9.9% - Consolidated first-quarter 2011 sales: €1,443.9 million - Increase in activity for all of the Group's companies - Growth recovering in mature markets and solid growth maintained in emerging markets

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15 April 2011

ACQUISITION OF PARCOURS VIA ORANJE-NASSAU DEVELOPPEMENT

Wendel confirms today the closing of Parcours's acquisition via its subsidiary Oranje-Nassau Développement, after obtaining the necessary authorizations - The invesment carried out by Wendel reachs €107 million, totally in equity, without additional debt - Founded in 1989, Parcours is the sole independent player of significant size in the operational leasing sector in France - The company enjoys an excellent track record over the last ten years with a five-fold increase in sales and which has achieved €247 million (IFRS) in 2010 - Parcours will continue and amplify its activity in France and in Europe, through the expansion of its value-added range of services' business model.

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11 April 2011

successful completion of a €300 million bond issue due in April 2018

Wendel announced a successful transaction today involving the issue of €300 million bonds due in April 2018 - The net proceeds of this issue will be completely used to redeem banking debt with much shorter maturities - This transaction is therefore in line with the strategy initiated by Wendel in 2010 to increase the use of bond debt while reducing banking debt's amounts.

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08 April 2011

2010 Annual Report and May 30, 2011 Combined Shareholder's Meeting

Information available concerning the 2010 Reference Document and the Annual General Meeting to be held on Monday, May 30, 2011 - Wendel announces its 2010 Reference Document, was registered with the French Market Authorities on Thursday, April 7th, 2011, number D. 11-0253 - Wendel informs his shareholders that the Combined Ordinary and Extraordinary Annual General Meeting to be held on May 30, 2011 at 15:30 a.m. at the Pavillon d'Armenonville (allée de Longchamp, Bois de Boulogne - 75116 PARIS).

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23 March 2011

Wendel releases 2010 results - Return of growth

Consolidated sales up by 17.5% to €5,491 million - Income from business sectors nearly tripled: €443.3 million - Net income group share of €1,002.3 million - Gross debt down €951 million in 2010, with a simpler structure and extended maturities - Solid cash position of €1,763 million at 31 December 2010 - As of 14 March 2011, Net asset value of €98.2 per share, showing a strong growth as compared to 31 December 2010 - Dividend of €1.25 per share (+25%), to be proposed to the next Shareholders' Meeting on 30 May - Direct investment reinitiated: announcement of Parcours acquisition

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22 March 2011

KKR and Wendel enter into a new shareholders' agreement relating to their shareholding in Legrand

KKR and Wendel have announced today that they have entered into a new shareholders' agreement (the existing shareholders' agreement and certain other related agreements between an affiliate of certain funds managed by Kohlberg Kravis Roberts & Co. L.P. ("KKR") and an affiliate of Wendel ("Wendel") relating to their interests in Legrand's share capital are due to expire on April 6, 2011) relating to their shareholding in Legrand (the "New Shareholders' Agreement") - Pursuant to the New Shareholders' Agreement, both parties have decided to continue co-operating with respect to the management of their shareholding as well as the governance of Legrand, and to act in concert with respect to Legrand

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04 March 2011

Wendel reports a circa € 430 million capital gain from the sale of a 8.3% stake of Legrand's share capital

Kohlberg Kravis Roberts & Co. (together with its affiliates, "KKR") and Wendel have announced the successful completion of the joint sale of 40 million shares of Legrand, representing approximately 15.2% of Legrand's share capital, at a price of 28.75 euros per share -In this context Wendel sold approximately 21.8 million shares or 8.3% of Legrand's share capital for a global amount of € 627 million and a capital gain of around € 430 million - Following this transaction, Wendel holds approximately 11.1% of the share capital of Legrand and approximately 17.8% of its voting rights

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04 March 2011

KKR and Wendel successfully complete the sale of certain Legrand stock

Funds managed by Kohlberg Kravis Roberts & Co. (together with its affiliates, "KKR") and Wendel have successfully completed the joint sale of 40 million shares of Legrand at a price of 28.75 euros per share - Of the 15.2% of Legrand's share capital sold in this transaction, 6.9% was sold by funds managed by KKR and its affiliates and 8.3% was sold by Wendel - Following this transaction, KKR holds approximately 10.1% of the share capital of Legrand and approximately 16.2% of its voting rights and Wendel holds approximately 11.1% of the share capital of Legrand and approximately 17.8% of its voting rights...

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03 March 2011

Partial sale of Legrand's shares by its controlling shareholders

Kohlberg Kravis Roberts & Co. (together with its affiliates, "KKR") and Wendel announce that funds managed by them and their affiliates are intending to sell in the market a total of 40 million shares, consisting of approximately 18,2 million shares to be sold by KKR and approximately 21,8 million shares to be sold by Wendel. Such aggregate amount represents approximately 15% of the share capital of Legrand as of January 31, 2011. The transaction will be carried out through an accelerated book building to institutional investors

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17 January 2011

Wendel decides to appeal the ruling of the French Financial Markets Authority's Enforcement Committee

Wendel has acknowledged the ruling of the French Financial Markets Authority's (AMF) Enforcement Committee regarding the objections filed by the AMF in July 2009, concerning events linked to Saint-Gobain, which took place in 2006 and 2007 - First, Wendel wishes to reiterate that Saint-Gobain and Wendel's relationship of confidence and partnership, which has been progressively built up over time, is excellent. Wendel is actively supporting Saint-Gobain's strategy, as a main shareholder with a 17.5% stake in its capital, double voting rights at shareholders' meetings and three directors on the Board - Wendel is extremely disappointed that, after eighteen months investigating the case, the Enforcement Committee has not followed the findings, analyses and conclusions of its own reporter, who had clearly exonerated Wendel. The Committee has used alternative reasoning which in no way considers the decisions taken by Wendel's management bodies and which is based on a series of unrelated elements, each of which has been construed against the company - Wendel regrets also that before, during and after the Enforcement Committee's hearing on 9 December, continuous public controversies have developed around Wendel and the AMF's role, damaging the calm atmosphere necessary for the analysis of this case - Wendel will appeal this ruling at the Paris Court of Appeal, which will hear in fact and law the evidence and key arguments presented by the Group in order to demonstrate that Wendel has complied with the law and the regulations in force at the time - Wendel will also highlight that the enforcement procedure is viciated by breach of procedural rules, despite the Committee's attempts in its report to defend its ruling, notably with regard to respecting the rights of the defence and the adversarial principle.

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02 January 2011

Statement by Wendel following the publication of an article in the Journal Du Dimanche (JDD) newspaper, entitled "Le fisc s'attaque à la maison Wendel" (Wendel under attack from the tax authorities)

The allegations concerning Wendel published in the JDD on January 2, 2011 are erroneous - Wendel has not received any notification from the tax authorities concerning all or part of the €240 million mentioned - Wendel has not received any request or notification from URSSAF (French administrative body managing social security payments and funds) concerning events in 2007, which, as for tax purposes, are now beyond the prescriptive period - The rest of the article concerns the personal situation of individuals about which Wendel has no information, nor any comment to make.

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