Wendel finalizes sale of Stahl stake to Henkel for enterprise value of €2.1 billion

By Public Technologies
  • Wendel closed the sale of its stake in Stahl, excluding Muno, to Henkel at an enterprise value of EUR 2.1 billion.
  • Net proceeds to Wendel totaled about EUR 1.14 billion, net of debt and transaction costs.
  • The deal delivered a 6.3x multiple on Wendel’s net investment since 2006, including EUR 427 million of prior proceeds.
  • The transaction implied an annualized IRR of over 15% over 20 years.
  • Proceeds were about 20% above the EUR 960 million NAV value published as of Sept. 30, 2025.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wendel SE published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610011145OMX_____CNEWS_EN_GNW1001275823_en) on October 01, 2026, and is solely responsible for the information contained therein.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.