French Private Equity Company Agrees to Buy U.S. Based ACAMS for $500M
A French private equity company has agreed to purchase ACAMS, the financial training company, for $500M, it’s been announced. Paris-based Wendel said it has entered into an agreement alongside Colibri Group to purchase the Financial Services segment of ACAMS parent Adtalem Global Education. As part of the deal Wendel will acquire the Association of Certified Anti-Money Laundering Specialists (ACAMS), with ACAMS President and Managing Director, Scott D. Liles will now take the reins as CEO of the Chicago based training company. The deal worth $500M, will include an equity investment from Wendel of $355M, for a 99% stake in ACAMS,…