Monroe Capital to be acquired by Wendel for $1.13 bln, shares fall

Wendel SE

22/10/2024 16:33

(Updates)
    ** U.S. asset investment firm Monroe Capital's  MRCC.O 
shares fall 2.9% to $7.88
    ** French investment company Wendel  MWDP.PA  to buy 75%
stake in Monroe Capital for $1.13 bln; to also invest $1 bln in
Monroe
    ** Wendel says may pay up to 250 mln euros (~$271 mln) for
remaining stake over 2028-2032 based on growth of Monroe's
fee-related earnings
    ** Including session's move, MRCC up about 11.5% YTD
 
 ($1 = 0.9238 euros)

 (Reporting by Sukriti Gupta in Bengaluru)
 ((Sukriti.Gupta@thomsonreuters.com))