Wendel invests €15m in Tadaweb to accelerate growth in Europe
Wendel, through its investment arm Wendel Growth, announced it has entered into a definitive agreement to acquire a minority interest of Tadaweb. Wendel will make an equity investment of €15 million to support Tadaweb’s growth. The transaction is expected to close in the first quarter of 2023, subject to customary conditions and regulatory approvals.
Jérôme Michiels, EVP, CFO and Head, Wendel Growth: “I am very pleased to welcome Tadaweb into Wendel’s portfolio. This first direct investment in Europe by the Wendel Growth investment team, led by Antoine Izsak, is fully in line with what we want to target: innovative companies with high growth and leadership potential, led by committed entrepreneurs.”
Tadaweb delivers open-source intelligence (OSINT) platforms that enable organizations to generate actionable intelligence by making analysts’ investigative methods hyper-efficient, reducing time to insight from days to minutes. Tadaweb’s platforms scale analysts’ expertise across the vast, volatile reaches of the internet. This fast growth company, employing over 120 people, is headquartered in Luxembourg with offices in Paris, London, and Ottawa.
François Gaspard, CEO and Co-founder, Tadaweb: “Becoming part of the Wendel portfolio, is another step in our long-term growth plans worldwide. We have a shared history in Luxembourg as well as France and have a shared commitment to building enduring businesses. At Tadaweb, we continue to be deeply steeped in our European roots. This opportunity to partner with Antoine and the Wendel Growth team, is truly a special moment in our story.”
www.wendelgroup.com
www.tadaweb.com
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