WENDEL: Wendel Completes the Acquisition of Crisis Prevention Institute (“CPI”)
23 Dezembro 2019 - 2:30PM
WENDEL: Wendel Completes the Acquisition of Crisis Prevention
Institute (“CPI”)
PRESS RELEASE - DECEMBER 23, 2019
Wendel Completes the Acquisition of Crisis
Prevention Institute (“CPI”)
Wendel (MF.FP) has completed the acquisition of
Crisis Prevention Institute (“CPI” or the “Company”) from FFL
Partners at an enterprise value of $910 million (the
“Transaction”). As part of the Transaction, Wendel made an equity
investment of approximately $569 million, for a c. 96% ownership
interest in the Company, alongside CPI’s management team and
certain other minority investors.
Headquartered in Milwaukee, Wisconsin, CPI is
the leading provider of behavior management and crisis prevention
training programs in the U.S. For nearly 40 years, CPI has provided
crisis prevention and intervention training to help professionals
respond to anxious, hostile and violent behavior with safe and
effective methods. The Company’s training has been proven to reduce
the frequency and impact of incidents resulting from aggressive
behavior in the workplace, improve professionals’ confidence in
addressing these incidents, help customers comply with regulatory
requirements, and create a safer environment for professionals and
those under their care.
CPI primarily serves education and healthcare
customers and is expanding its reach in behavioral and home health
care, as well as other industries with similar behavioral
challenges. CPI has expanded internationally over the past several
years and generates more than 20% of its sales outside the U.S.
today, principally in Canada, the United Kingdom, Australia and New
Zealand.
“CPI is at the forefront of teaching crisis
management and prevention skills to professionals in the healthcare
and education fields who face traumatic and potentially violent
incidents on a daily basis,” said Adam Reinmann, CEO of
Wendel North America. “The Company has a long track record
of growth under the leadership of Tony Jace, and we think CPI has a
substantially larger opportunity to expand into other industries
and geographies that can benefit from its programs. We look forward
to working with Tony and his team to support the Company’s mission
and its continued growth.”
David Darmon, Wendel Group’s Deputy CEO
added, “CPI is a leader in a fast-growing market supported
by long-term demand tailwinds. We are enthusiastic about
investing in CPI to support the Company’s management and employees
in furthering its reach and building an impactful global training
platform. Moreover, we are proud to be aligned with the Company’s
mission and the work CPI does to reduce conflict and violence in
the workplace. CPI is Wendel’s fourth investment in the U.S. and an
important part of our continued expansion in that market.”
“We are excited to welcome Wendel to the CPI
family. Wendel understands, and values, CPI’s mission and is
committed to supporting our continued growth for the long-term,”
said Tony Jace, CEO of CPI. “We look forward to
our long-term partnership with Wendel as we seek to further expand
CPI’s reach and continue to make a difference in the lives of our
customers.”
For more information :
https://www.wendelgroup.com/sites/default/files/cpi_acquisition_presentation_15.10.19.pdf
Agenda
03.18.2020
2019 FY Results / Publication
of NAV of December 31, 2019 (post-market release)
04.30.2020
Q1 2020 Trading update /
Publication of NAV as of March 31, 2020 (pre-market release).
06.04.2020
2020 Annual General Meeting
07.30.2020
H1 2020 results / Publication
of NAV as of June 30, 2020, and condensed Half-Year consolidated
financial statements (post-market release).
11.04.2020
2020 Investor Day /
Presentation of NAV as of September 30, 2020, and Q3 2019 trading
update (publication post-market release on 11/03/2020).
- 20191223_Wendel_CPI_PR_ENG
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