Reported about 1 month ago
French investment firm Wendel is set to acquire a 75% stake in private lender Monroe Capital for $1.13 billion, with plans to invest an additional $1 billion to fuel growth. This acquisition aims to enhance Wendel's presence in the dynamic US private credit market, reflecting its new strategic direction focused on asset management. The deal, expected to close in the first half of next year, marks a significant milestone for Wendel as it seeks to expand its operations into Europe.
Source: YAHOO