WENDEL: Wendel enters into exclusive negotiations with the intent to acquire the Scalian Group, a leading European consulting firm in digital transformation, project management and operational performance
17 April 2023 - 4:50PM
WENDEL: Wendel enters into exclusive negotiations with the intent
to acquire the Scalian Group, a leading European consulting firm in
digital transformation, project management and operational
performance
PRESS RELEASE – APRIL 17, 2023
Wendel enters
into exclusive negotiations with
the intent to
acquire the
Scalian Group,
a leading
European consulting firm
in digital
transformation, project
management and operational
performance
Wendel (Euronext: MF.FP) announces entering into
exclusive negotiations with the intent to acquire the Scalian Group
for an enterprise value of €965 million. As part of this
transaction, Wendel could invest up to around €550 million in
equity alongside the management team and could hold a large
majority stake of the company's capital. Subject to the ongoing
process and satisfaction of the conditions to closing, including
obtaining regulatory clearances, the transaction is expected to be
finalized in the second half of 2023.
Founded in 1989, Scalian is ranked among
France's Top 10 engineering consulting firms, is also active
internationally, providing industrial project management services
for issues pertaining to supply chain (costs, quality, deadlines,
performance), the architecture and development of embedded digital
systems and information system applications, big data and AI.
Scalian also addresses project optimization and organizational
performance issues, as well as providing digital transformation
support for industry and service sector leaders.
The group expects to reach c. €510 million in
revenue, an adjusted EBITDA1 of c. €74 million as of June 2023 LTM,
and will total c. 5,000 employees in nine countries at this
date.
Since 2015, the company has delivered average
annual growth of around +30% of its revenues, including +12% of
organic growth, amplified by a selective external growth strategy,
in France and internationally, with nine acquisitions completed
over the same period.
Scalian has implemented a ESG policy having
resulted in several certifications (ISO 9100, 9001,14001, 27001).
The Group has obtained an Ecovadis silver medal in 2022 and has the
ambition to further develop its ESG approach by 2025.
Laurent Mignon, Wendel Group CEO,
commented: "We are looking forward to welcoming a company
of Scalian’s caliber to support it in its new step of its journey,
working alongside its skilled teams. Wendel will be an active
partner for Scalian, contributing its recognized expertise in
developing global leaders in business services, through both
organic and external growth.
We share the ambition of its leader, Yvan
Chabanne, of unlocking the company’s full value creation potential
in Europe and North America and making it an international leader
in its field. Scalian's highly entrepreneurial culture and its
recognized ESG performance are fully in line with Wendel's
values.
This majority investment by Wendel in an
unlisted company will be fully in line with the strategic roadmap
we announced a few weeks ago, including the ambition to invest two
billion euros over the next twenty-four months."
Yvan Chabanne, CEO
of Scalian
Group, commented: "In line with
our ambitious strategy to reach €1.5 billion in revenue by 2028,
Scalian is looking forward to partnering with Wendel as its future
reference shareholder. The full scope of global industrial and ESG
challenges requires a trusted partner with a long-term vision.
Wendel's new strategic directions, coupled with its rich experience
and international footprint, will undoubtedly accelerate our
development journey alongside our customers and our teams. This
partnership project could help Scalian in positioning among the
world leaders in management consulting and digital technologies. We
are delighted by this prospect shared in the same entrepreneurial
mindset."
---
Agenda
April 27th, 2023
Q1 2023 Trading
update – Publication of NAV as of March
31, 2023 (after-market release)
---
June 15th, 2023
Annual General Meeting
---
July 27th, 2023
H1 2023
results – Publication of NAV as of June
30, 2023, and condensed Half-Year consolidated financial statements
(after-market release)
---
October 26th, 2023
Q3 2023 Trading
update – Publication of NAV as of
September 30, 2023 (after-market release)
---
December 7th, 2023
2023 Investor Day
---
About WendelWendel is one of
Europe’s leading listed investment firms. The Group invests in
Europe and
North America in companies which are
leaders in their field, such as Bureau Veritas, ACAMS,
Constantia Flexibles, Crisis Prevention Institute, IHS Towers,
Stahl and Tarkett. Wendel often plays an active role as a
controlling or significant shareholder in its portfolio
companies. Wendel seeks to implement long-term
development strategies, which involve boosting growth and margins
of companies so as to enhance their leading market
positions. With Wendel Growth (formerly known as Wendel Lab),
Wendel also invests via funds or directly in innovative,
high-growth companies.
Wendel is listed on Eurolist by Euronext
Paris.
Standard & Poor’s ratings: Long-term: BBB,
stable outlook – Short-term: A-2 since January 25, 2019
Moody’s ratings: Long-term: Baa2, stable outlook
since September 5, 2018
Wendel is the Founding Sponsor of Centre
Pompidou-Metz. In recognition of its long-term patronage of the
arts, Wendel received the distinction of ‘Grand Mécène de la
Culture’ in 2012.
For more information: wendelgroup.com
Follow us on Twitter
@WendelGroup
1 Adjusted EBITDA after IFRS 16 calculated
according to Wendel's usual methodology.
- Wendel_PR_Scalian_04172023
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