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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Wendel    MF   FR0000121204

WENDEL (MF)
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WENDEL : sells Deutsch to TE Connectivity

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04/04/2012 | 04:54pm CET
PRESS RELEASE April 3, 2012 Wendel sells Deutsch to TE Connectivity

After obtaining the necessary authorizations, Wendel and the Painvin family sold Deutsch to the industrial group TE Connectivity on April 3, 2012. The enterprise value is about $2.1 billion and Wendel's net proceeds amount to

€959 million.

About Wendel

Wendel is one of Europe's leading listed investment firms. The Group invests in France and abroad, in companies that are leaders in their businesses: Bureau Veritas, Legrand, Saint-Gobain, Materis and Stahl. Wendel plays an active role as industry shareholder in these companies. It implements long-term development strategies, which involve boosting growth and margins of companies so as to enhance their leading market positions. Through Oranje-Nassau Développement, which brings together opportunities for investment in growth, diversification and innovation, Wendel also invests in Van Gansewinkel Groep in the Netherlands, exceet in Germany, and Mecatherm and Parcours in France.
Wendel is listed on Eurolist by Euronext Paris and is included in the Next 20 index.
Standard & Poor's rating: Long term: BB-, negative outlook - Short term: B since October 10, 2011.
Wendel is the founding sponsor of the Centre Pompidou-Metz, which on September 23, 2011, welcomed about 1.2 million visitors since opening its doors in May 2010.
As a result of its commitment for a long time in the field of Culture, Wendel received the title of Major Partner of the French
Ministry of Culture on March, 23th 2012.

Press contacts Analyst/Investor contacts

Christine Anglade-Pirzadeh: +33 (0)1 42 85 63 24 Laurent Marie: +33 (0)1 42 85 91 31 c.angladepirzadeh@wendelgroup.com l.marie@wendelgroup.com
Christèle Lion: +33 (0)1 42 85 91 27 Olivier Allot: +33 (0)1 42 85 63 73 c.lion@wendelgroup.com o.allot@wendelgroup.com

1

distributed by

This press release was issued by Wendel SA and was initially posted at http://www.wendel-investissement.com/images/element_liste_libre_en/uk_2012_april_3_cp_-deutsch-sale. pdf . It was distributed, unedited and unaltered, by noodls on 2012-04-04 07:30:36 AM. The issuer is solely responsible for the accuracy of the information contained therein.

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Financials (€)
Sales 2018 8 498 M
EBIT 2018 891 M
Net income 2018 10,5 M
Debt 2018 4 923 M
Yield 2018 2,53%
P/E ratio 2018 -
P/E ratio 2019 284,81
EV / Sales 2018 1,19x
EV / Sales 2019 1,17x
Capitalization 5 206 M
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Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 149 €
Spread / Average Target 32%
EPS Revisions
Managers
NameTitle
André François-Poncet Group CEO
Nicolas ver Hulst Chairman-Supervisory Board
Jerôme Michiels Chief Financial Officer
Gérard Lamy Director of Research
Aziz Sedrati Director-Information Technology
Sector and Competitors
1st jan.Capitalization (M$)
WENDEL-22.09%5 945
WORLDPAY INC7.04%25 602
CINTAS CORPORATION16.94%19 583
LG CORP--.--%11 051
BUREAU VERITAS-14.59%9 824
TELEPERFORMANCE19.30%9 401