Wendel in Talks to Buy Majority Stake in Committed Advisors (1)

French investment firm Wendel SE is in exclusive talks to acquire a majority stake in secondaries specialist Committed Advisors, according to a press release on Friday.

If the deal goes ahead, Wendel would pay €258 million ($300 million) to acquire 56% of Committed Advisors from its founding partners in an effort to extend its reach into the booming private market, according to the release, which confirmed an earlier Bloomberg News report. The transaction also includes an earn-out mechanism of as much as €128 million.

The deal, which would give Wendel a foothold in the secondary market, follows other deals ...