France's Wendel to acquire Monroe Capital for $1.13 billion-February 2024-www.financetom.com

France's Wendel to acquire Monroe Capital for $1.13 billion

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France's Wendel to acquire Monroe Capital for $1.13 billion

Oct 22, 2024 12:51 PM

Oct 22 (Reuters) - French investment company Wendel

announced on Tuesday its acquisition of Monroe Capital ( MRCC )

, with an initial investment of $1.13 billion for 75% of

the company's shares.

Wendel's asset management platform is expected to generate

about 185 million euros ($200.2 million) of pre-tax profit in

2025, the group said in a statement.

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