Microsoft sued by Australia competition regulator over Copilot, 365 pricing
Investing.com -- Wendel has entered exclusive negotiations to acquire a 56% stake in Committed Advisors, a global asset manager specializing in the secondary market for private equity assets.
Founded in 2010, Committed Advisors is a global private investment firm focused on the midmarket that provides liquidity solutions for private equity assets. The firm currently manages €6 billion in private assets on behalf of third-party investors.
According to financial projections, Committed Advisors’ management fees and pre-tax FRE (Fee-Related Earnings) are expected to reach €70 million and €45 million respectively in 2026. Since its inception, the firm’s funds have delivered consistent performance with a gross IRR (Internal Rate of Return) of 19%.
The transaction structure includes an initial payment of €258 million, with an additional earn-out of up to €128 million payable between 2028 and 2030, subject to FRE and fundraising targets. Wendel has also committed to allocate up to €500 million in Committed Advisors’ existing and new funds.
Under the agreement, Wendel will be entitled to 20% carry on future Committed Advisors funds. Following the closing, Committed Advisors’ management team will retain a 44% equity interest in the general partnership, with a planned sell-down over a 10-year period in 2029, 2032, and 2035, with exit compensation dependent on FRE performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.