VISUEL_PERS_WENDEL_ACAMS_220215

ACAMS

ACAMS is the world’s largest membership organization dedicated to fighting financial crime

ACAMS Standards of Conduct
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CAPITAL HELD BY WENDEL
98
%¹
AMOUNT INVESTED BY WENDEL
$338
m²
YEAR OF ACQUISITION
2022

ACAMS (Association of Certified Anti-Money Laundering Specialists) is the world’s largest(3) membership organization dedicated to ending financial crime through continuing professional education, training and certifications, in the areas of Anti-Money Laundering (AML), financial crime prevention and sanctions compliance.

(1) Share of equity owned by Wendel as of Decameber 31, 2023.
(2) Amount of equity invested by Wendel in ACAMS as of December 31, 2023, representing €303 million.
(3) Based on public data.
Key Figures
icon
$102.1 m
2024 Sales (4)
price2
60 000
professionals certified
monde-monde-2
200
countries and jurisdictions
suite-pictos-bonhommes-2
312
employees
(4) Including a $1.0 million one-time benefit associated with an updated revenue recognition policy.

Why did we invest in ACAMS?

On March 10, 2022, Wendel completed the acquisition of ACAMS (Association of Certified Anti-Money Laundering Specialists) from Adtalem Global Education (NYSE: ATGE). This transaction valued ACAMS’ enterprise value at approximately $500 million(5). Wendel invested $338 million in equity and holds 98% of the company’s share capital alongside the company’s management and a minority shareholder.

ACAMS is the world’s largest membership organization dedicated to ending financial crime through continuing professional education, training and certification in the areas of Anti-Money Laundering (AML), financial-crime prevention and sanctions compliance. The company benefits from a large global network of
over 110,000 members in more than 200 countries and jurisdictions. Of these members, more than 60,000 professionals hold CAMS certifications that require rigorous preparation, periodic renewals, and continuing education and training, including webinars and conference attendance. ACAMS employs 312 people, mainly in the United States, United Kingdom and Hong Kong, who together serve a global customer base. The Company generates around 50% of its sales outside of the United States and has a long history of organic growth through global expansion and the introduction of new programs aimed at supporting its
customers’ and members’ fight against an increasingly complex financial-crime environment.

Wendel’s investment is in line with Wendel’s stated objective of accelerating the redeployment of capital to higher-growth companies that share the ESG values of the Wendel Group.

(3) Net adjusted acquisition price of $487.5 million.

Key milestones of the investment

2022
January 24, 2022
Wendel to Acquire ACAMS, the world’s largest membership organization dedicated to fighting financial crime
January 24, 2022
Analysts’ presentation as of January 24, 2022
March 11, 2022
Wendel completes the acquisition of ACAMS, the world’s largest membership organization dedicated to fighting financial crime

What is the development potential?

Over the past twelve months, ACAMS has successfully managed its separation from its prior owner while accelerating investment in the membership organization, including resuming its global conference activity, introducing new webinars, training and certifications centered on emerging threat areas such as sanctions and cryptocurrencies, and accelerating the expansion of its membership base. The combination of these factors, supported by the growing global need to stay ahead of an ever-changing threat and regulatory environment, has supported ACAMS’ recent results.

The company is targeting double-digit organic revenue growth and >20% EBITDA margins over the next several years through additional investments in enterprise sales, enhanced engagement with a growing membership base and the continued introduction of new programs and subject-matter expertise, which it intends to develop organically or through acquisitions.

Top management

of ACAMS
Neil Sternthal Official Photo Jan 2024
Neil Sternthal
CEO
MOSAIQUE_WORKDAY_34_WENDEL
Mariah Gause
COO

Wendel’s role in corporate governance

Board of Directors
Adam Reinmann (Chairman)
Bill Fox
Mel Immergut
Harper Mates

Audit Committee
Harper Mates (Chairman)
Adam Reinmann

#LETTER TO SHAREHOLDERS
3 June 2022
ACAMS, the Association of Certified Anti-Money Laundering Specialists, joins Wendel’s portfolio
All news
– Press Release
6 February 2025
ACAMS Releases Global Anti-Financial Crime Threats Report 2025, Highlighting Evolving Risks and Industry Challenges
All press releases
 
7 January 2025
ACAMS Welcomes Industry Veteran Bill Fox to its Board of Directors
Useful links
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IMPORTANT INFORMATION

The materials contained herein are not for general release, publication or distribution, directly or indirectly, in whole or in part, in or into the United States of America, Australia, Japan or any other jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction. Access to the information and documents on this portion of the website is restricted for regulatory reasons. You are requested to review the following information and make the following confirmation each time you seek to access this restricted information. Your confirmation must be true and accurate.

The information contained in this section of the website of Wendel SE, parent company of Eufor SAS (together “Wendel”) (a) is only intended for, and may only be accessed by, or distributed or disseminated, directly or indirectly, in whole or in part, to persons resident and physically present outside the United States of America (including its territories and possessions, any state of the United States and the District of Columbia, the “United States”), Australia, or Japan, and resident and physically present in a jurisdiction where to do so will not constitute a violation of the local securities laws or regulations of such jurisdiction, and (b) does not constitute an offer to sell or the solicitation of an offer to buy or acquire any securities of the Bureau Veritas (the “Issuer”) in the United States, Australia, Japan, or any other jurisdiction where to do so might constitute a violation of the local securities laws or regulations of such jurisdiction.

The securities of the Issuer referred to in this section of the website (the “Securities”) have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or with any securities regulatory authority of any state of the United States for offer or sale as part of their distribution and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States.  The Securities have not been and will not be registered under the applicable securities laws of Australia or Japan, or any other jurisdiction in which it would be unlawful or would require registration or other measures, and therefore may not be offered or sold to or for the account or benefit of any person having a registered address in, or located or resident in, Australia, Japan or any other jurisdiction in which it would be unlawful or would require registration or other measures.

Access to the information contained on this portion of the website may be illegal in certain jurisdictions, and only certain categories of persons may be authorized to access such information and documents.  All persons who wish to have access to the documents contained in this section of Wendel’s website should first ensure that they are not subject to local laws or regulations that prohibit or restrict their right to access this section of the website, or require registration or approval for any acquisition of securities by them.  No such registration or approval has been or will be obtained.  Wendel assumes no responsibility if there is a violation of applicable law and regulations by any person.

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I therefore certify that:

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  4. I have read, understand and agree to comply with all of the restrictions set forth above.
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DISCLAIMER – IMPORTANT

Due to applicable legal restrictions, the information contained in this section of the website is restricted and is not for release, publication or distribution, directly or indirectly, in whole or in part, in or into the United States of America, Australia or Japan, or any other jurisdiction in which such release, publication or distribution would be unlawful.  We apologize for any inconvenience this may cause.

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