By PAUL O’DONOGHUE, Senior Correspondent
ACAMS owner Wendel is considering selling its chemicals giant Stahl for €2bn, according to reports.
The multi-million euro French private equity is working with JPMorgan Chase and Morgan Stanley on the potential sale, which could take place as early as next year.
Wendel is the owner of ACAMS, the American training firm which it acquired in a €500 million deal in 2022.
The valuation for Stahl, a chemicals manufacturer could reach €2 billion ($2.1 billion), according to Bloomberg, which first reported the news.
However, the publication added that discussions are still preliminary, and Wendel may opt not to proceed, citing sources familiar with the matter.
Representatives for Wendel, JPMorgan, and Morgan Stanley declined to comment, and Stahl did not respond to requests for comment.
Stahl, known for its chemical applications on materials like leather for handbags and car seats, reported €914 million in sales last year.
Wendel, which owns a 68% stake in Stahl, acquired the company with Carlyle Group in 2006 for €520 million. Stahl underwent a debt restructuring in 2010, and Wendel previously explored options such as a sale or IPO in 2018.
Shares of Paris-listed Wendel fell 0.2% on Tuesday, giving it a market capitalization of €4.2 billion.
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