Press release – January Four, 2023
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Wendell Gross debtfirst time D.Straight Meinvestment in Europe
Wendel (Euronext: MF.FP), through its investment arm Wendel Growth1announced today that it has reached a definitive agreement to acquire a minority interest in Tadaweb. Wendel plans to make a €15 million equity investment to support Tadaweb’s growth. The transaction is expected to close in the first quarter of 2023, subject to customary conditions and regulatory approvals.
Tadaweb provides an open source intelligence (OSINT) platform. This enables organizations to generate actionable intelligence by making the analyst’s research method highly efficient and reducing the time to insight from days to minutes. Tadaweb’s platform extends an analyst’s expertise to the vast and volatile realm of the Internet. With over 120 employees, this fast-growing company is headquartered in Luxembourg with offices in Paris, London and Ottawa.
Jerome michaels, HuhVPs, C.debt〇 When Head Wendell’s growthSaid: “We are delighted to welcome Tadaweb to Wendel’s portfolio. The first direct investment in Europe by the Wendell Gross investment team, led by Antoine Isac, represents what we want to target: a dedicated entrepreneur. It’s a perfect match for an innovative company with high growth and leadership potential, led by House.”
AnntOine Isak, Head of Growth Equities Said: “We are delighted to have made our first investment in Tadaweb, a leader in the rapidly growing OSINT market. I am doing it.”
Genna Elvin, CEO and co-founder of Tada, said:: “This investment is another major milestone in our company’s history. It will accelerate our global expansion, including entry into the US and additional European markets. “This is an extremely important step for us, and our recently expanded leadership team, along with this relationship, will greatly enhance our ability to expand the global markets we serve our products and services.”
franccois Gaspard, Chief Executive Officer and Co-Founder, said:: “Becoming part of the Wendell portfolio is another step in our long-term growth plans around the world. We share a history, not only in France but also in Luxembourg, and a common goal of building a lasting business. We have a commitment.At Tadaweb, we continue to be deeply immersed in our European roots.This opportunity to partner with Antoine and the Wendel Growth team is a truly special moment in our story.”
Ted Hickey, Head of Strategy: “Our leadership team is excited to leverage the expertise and global access that Wendell Gross provides to our portfolio companies as we expand into new markets and expand our open source intelligence platform.” will be important.”
About Wendell Gross:
At Wendel Growth (formerly Wendel Lab), Wendel invests either through funds or directly in innovative high-growth companies. Wendel Growth, who has already committed nearly €170 million through this initiative in recent years, is seeking direct and co-investment opportunities in startups. To make these direct investments, such as its investment in AlphaSense in 2019, Wendel Growth has recruited experienced investors in the asset class, including Antoine Izsak, who joined Wendel in early February as Head of Growth Equity. It is supported by a new team of two experts. Mr. Izsak was previously Investment Director at Bpifrance. Wendell’s goal is to invest up to €50 million in expansion in Europe and North America and will continue to invest in funds and funds of funds.
almost free web:
Tadaweb is reimagining how organizations generate intelligence from public information, detecting key trends and accelerating investigations, and transforming analyst methodologies into highly efficient and scalable processes that are actionable. Reduce time to insight from weeks to minutes.Learn more at tadaweb.com
agenda
March 17, 2023
2022 full year results — NAV Announcement (Premarket Release) as of December 31, 2022
April 28, 2023
Deal Update for Q1 2023 — Announcement of NAV as of March 31, 2023 (pre-market release)
June 15, 2023
annual meeting
July 28, 2023
Results for the first half of 2023 — Publication of NAV and Condensed Half-Year Consolidated Financial Statements as of June 30, 2023 (prior to market release).
October 27, 2023
Deal Update for Q3 2023 — NAV publication (pre-market release) as of September 30, 2023.
December 7, 2023
investor day 2023.
About Wendell
Wendel is one of Europe’s leading listed investment companies. The Group has invested in sector leaders in Europe and North America such as Bureau Veritas, ACAMS, Constantia Flexibles, Crisis Prevention Institute, IHS Towers, Stahl and Tarkett. Wendell often plays an active role as a controlling or major shareholder in portfolio companies. Wendel seeks to implement long-term development strategies, including increasing company growth and profitability, to strengthen the company’s market leadership position.
Wendell is on the Eurolist of Euronext Paris.
Standard & Poor Ratings: Long-term: BBB, stable outlook – Short-term: A-2 from 25 January 2019 onwards
Moody’s Rating: Long-term: Baa2, outlook stable from 5 September 2018
Wendell is the founding sponsor of Center Pompidou Metz. In recognition of his long-standing patronage to the arts, Wendell was awarded the title of “Grand Mécènede la Culture” in 2012.
For more information: wendelgroup.com
follow me on twitter @Wendell Group
1 Former Wendell Lab
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