PRESS RELEASE – JANUARY 24, 2022
Wendel will acquire ACAMS, the world’s largest non-profit organization dedicated to the fight against financial crime
Wendel (Euronext: MF.FP) today announces that it has entered into an agreement with Colibri Group, a Gridiron Capital company, to acquire the Financial Services segment of Adtalem Global Education (NYSE: ATGE). As part of the transaction, Wendel will acquire the Association of Certified Anti-Money Laundering Specialists (“ACAMS” or the “Company”), and Colibri will separately acquire Becker Professional Education and OnCourse Learning. Scott D. Liles, currently President and CEO of ACAMS, will become the Company’s Chief Executive Officer upon closing of the transaction.
The acquisition of ACAMS by Wendel values the Company at approximately $5001 million and envisages an equity investment by Wendel of approximately 355 million dollars, for a c. 99% interest in the Company. The transaction is expected to close in the first half of 2022, subject to customary conditions and regulatory approval.
ACAMS is the global leader in training and certifications for anti-money laundering (“AML”) and financial crime prevention professionals. ACAMS has a large worldwide membership base with more than 90,000 members in 175 countries, including more than 50,000 professionals holding an ACAMS certification, the maintenance of which drives the annual consumption of ACAMS continuing education content, including including webinars and conferences. The Company has approximately 275 employees primarily located in the United States, London and Hong Kong who serve its global customers.
For the twelve-month period ended September 30, 2021, ACAMS had revenue of $83 million and, under Wendel’s usual definition, estimated unaudited standalone EBITDA would be approximately $18 million. .2
André François-Poncet, CEO of the Wendel group, and David Darmon, Deputy Chief Executive Officer of Wendel noted: “We are excited to invest in ACAMS, a global leader in training and certifications for financial crime prevention. ACAMS is a successful morganization by mission aligned with Wendel’s values. As a provider of services that ultimately reduce the financing of terrorism and human trafficking (among other nefarious activities), this aligns well with Wendel’s CSR values. The investment represented a New Milestone in our 2021-24 roadmap, and our stated goal of accelerate the redeployment of our capital towards companies with higher growth rates.”
Adam Reinman and Harper Mates of Wendel North America, added: “We are excited to partner with the ACAMS team and continue to build on the momentum the company has built under from Adtalem ownership. the The company’s shared mission and its trusted partnership with financial crime prevention professionals from all over the world positions it for continued growth as customers increasingly rely on ACAMS‘ support to deal with the complex threat and regulatory environment. Wendel’s shared values and experience with CPI, a similar world, mission-driven certification and membership organization, makes us an ideal partner and adds another market leader to our portfolio Business with attractive long-term growth prospects. We are delighted to join Scott and all ACAMS employees like us Support this iconic brand and of the society transition to self-employment.”
Scott Liles, ACAMSCEO of, declared: “We looking forward to being a partner with Wendel in this next phase of ACAMS‘ the story. Wendel’s long-term investment philosophy and shared values are Good adapted at Support The mission of ACAMS, our people, and our commitment to our global members. We appreciate the support and investment Adtalem provided during the last years and look forward to working with Wendel as we are moving to a stand-alone business and seek to any further extend our reach and impactyou.”
Macquarie Capital acted as financial advisor to Wendel and Kirkland & Ellis LLP acted as legal advisor on the acquisition of ACAMS.
On Adtalem Global Education
Adtalem Global Education (NYSE: ATGE), a leading workforce solutions provider, partners with organizations in the healthcare and financial services industries to address critical workforce needs works by expanding access to education, certifications and development programs at scale. With a focus on delivering strong outcomes that increase workforce readiness, Adtalem empowers a diverse learner population to achieve their goals and make inspiring contributions to the global community. Adtalem is the parent organization of ACAMS, American University of the Caribbean School of Medicine, Becker Professional Education, Chamberlain University, EduPristine, OnCourse Learning, School of Medicine from Ross University, Ross University School of Veterinary Medicine and Walden University. Adtalem has over 10,000 employees, a network of over 275,000 alumni and serves over 82,000 members in 200 countries and territories. Adtalem was named one of America’s Most Responsible Companies 2021 by Newsweek and one of America’s Best Diversity Employers 2021 by Forbes. Follow Adtalem on Twitter (@adtalemglobal), LinkedIn or visit adtalem.com for more information.
About the Colibri Group
Colibri Group is building the future of vocational training. Today, millions of licensed professionals start and advance their careers with the company’s online and in-person learning solutions for licensing, continuing education, test preparation and professional development. Based in St. Louis, Missouri, Colibri Group provides a holistic learning experience for students and professionals to achieve greater success and fulfillment throughout their careers in real estate, financial services, employee education teachers, health, appraisal and real estate services, among other professions. Visit colibrigroup.com for more information.