Wendel to acquire a 56% stake in Committed Advisors for €575m.

Wendel, an investment firm, agreed to acquire a 56% stake in Committed Advisors, a global private equity secondary manager, for €575m. “We are very excited by the perspective of partnering with Committed Advisors, a very high quality and respected player in the secondary market, with strong values and a robust investment philosophy. Daniel Benin, Barthélémy de Beaupuy, Guillaume Valdant and J.B. Stock are outstanding investors and entrepreneurs, who have built a great company with a strong culture, a sound track record and long-standing relationships with tier one institutional and family offices clients. Committed Advisors is the perfect match for our existing platform to expand into the very attractive secondary market," Laurent Mignon, Wendel CEO.