BUZZ-Monroe Capital gains after Wendel to acquire co for $1.13 bln

Reuters
22 Oct 2024

** Shares of U.S. asset investment firm Monroe Capital

up 17.2% at $9.48 premarket

** French investment company Wendel to buy 75% stake in Monroe Capital for $1.13 bln; to also invest $1 bln in Monroe's capital

** Wendel and may pay up to 250 mln euros (~$271 mln) for remaining stake over 2028-2032 based on growth of Monroe's fee-related earnings

** As of last close, MRCC up about 15% YTD

($1 = 0.9238 euros)

(Reporting by Sukriti Gupta in Bengaluru)

((Sukriti.Gupta@thomsonreuters.com;))

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