PRESS RELEASE — JANUARY 4, 2023
first direct investment in Europe by Wendel Growth
Wendel (Euronext: MF.FP), through its business Wendel Growth1, announces the signing of a definitive agreement for the acquisition of a minority stake in the capital of Tadaweb. Wendel will invest 15 million euros in equity to support the company’s growth. This transaction is expected to close in the first quarter of 2023, subject to the fulfillment of customary conditions and the receipt of regulatory approvals.
Tadaweb provides Open Source INTelligence (OSINT) platforms that enable organizations to generate actionable insights by reducing analyst investigation time from weeks to minutes. Tadaweb platforms allow them to greatly increase their impact in the vast and changing environment of the Internet. The rapidly growing company employs over 120 people, is headquartered in Luxembourg with offices in Paris, London and Ottawa.
Jerome Michiels, Deputy CEO, Chief Financial Officer e Director Of Wendel GrowthHe says: “I am very happy to welcome Tadaweb to Wendel’s portfolio. This first direct investment in Europe by the Wendel Growth team, led by Antoine Izsak, is fully in line with our goals: an innovative company, with high growth potential and leadership, and led by committed entrepreneurs.”
Antoine Izsak, Head of Growth Equity Andclear“We are delighted to make our first investment in Tadaweb, a leader in the growing OSINT market. It offers a unique set of services and features and has a world-class team. I look forward to implementing the partnership we are building with François Gaspard, Genna Elvin and their teams.”
Genna Elvin, Chief Tada Officer and co-founder: “This investment is a further and fundamental step in our history: it will accelerate our global expansion, through the entry into the United States and new European markets. We have been a profitable business for over 5 years and this marks a major milestone for us. Recent hires within our management team, as well as this investment relationship, enable us to decisively take our products and our ability to serve new international markets to the next level.”
Frenchvsois Gaspard, CEO and co-founder: “Joining Wendel’s portfolio is a new step in our long-term global development plans. We share a common history in Luxembourg and France and have a common desire to build sustainable businesses. At Tadaweb, we continue to affirm our European roots. This opportunity to collaborate with Antoine and the Wendel Growth team is a very special moment in our history.”
German HickeyDirector of Strategy: “Our management team is excited to benefit from the know-how and global network that Wendel Growth brings to its portfolio companies. These will be key as we expand into new markets and develop our open source data source platform.”
TO About Wendell Growth:
With Wendel Growth (formerly Wendel Lab), Wendel invests through funds or directly in innovative, high-growth companies. Having already committed nearly 170 million euros in recent years, Wendel Growth is looking for direct investment and co-investment opportunities in start-ups. To make these direct investments, such as the one made in 2019 in AlphaSense, Wendel relies on a new team made up of two experienced professionals in this asset class, including Antoine Izsak, who joined Wendel in early February as Head of Growth Equity. Antoine Izsak was previously Investment Director at Bpifrance. Wendel’s ambition is to invest up to 50 million euros per unit in scale up in Europe and North America. At the same time, Wendel Growth will continue to invest in funds and funds of funds.
TO In relation to Tadaweb:
Tadaweb is redefining the way companies generate actionable intelligence from public information, enabling them to detect key trends and accelerate their investigations, replicating the methods of analysts thanks to a highly scalable and efficient process that reduces the time needed to generate insights usable from weeks to minutes. Learn more at tadaweb.com.
March 17, 2023
Annual results 2022 — Publication of the NAV as at 31 December 2022 (pre-market).
April 28, 2023
Activities of 1um quarter 2023 — Publication of the NAV as at 31 March 2023 (pre-market).
June 15, 2023
July 28, 2023
Results of 1um semester 2023 — Publication of the NAV as at 30 June 2023 and of the condensed interim consolidated financial statements (before trading)
October 27, 2023
3 activityAnd quarter 2023 — Publication of NAV as at 30 September 2023 (before trading)
December 7, 2023
Investor day 2023
Wendel is one of the leading listed investment firms in Europe. Invests in Europe and North America, in leading companies in their sector: Bureau Veritas, ACAMS, Constantia Flexibles, Crisis Prevention Institute, IHS Towers, Stahl and Tarkett. Often plays an active role as a majority or significant shareholder in its portfolio companies. Try to implement long-term development strategies that consist in increasing the growth and profitability of companies in order to increase their leadership positions.
Wendel is listed on the Eurolist of Euronext Paris.
Rating assigned by Standard & Poor’s: Long-term: BBB with stable outlook — Short-term: A-2 from 25 January 2019
Rating assigned by Moody’s: Long-term: Baa2 with stable outlook from 5 September 2018
Wendel is the founding patron of the Center Pompidou-Metz. Due to his longstanding commitment to culture, Wendel was awarded the title of Grand Patron of Culture in 2012.
For more information: wendelgroup.com
Follow us on Twitter @WendelGroup
1 Formerly Wendel laboratory