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
$102.9 m
2023 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)
Jamie Fletcher
Mel Immergut
Harper Mates

Audit Committee
Jamie Fletcher (Chairman)
Harper Mates
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
10 July 2024
ACAMS Opens Pre-Registration for New Certified Anti-Fraud Specialist (CAFS) Certification to Combat Fast-Growing Global Fraud Threats
All press releases
 
8 July 2024
ACAMS Enhances its Certified Global Sanctions Specialist (CGSS) Certification to Equip Sanctions Professionals with Updated, Real-World Compliance Skills
Useful links
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