Wendel to buy anti-money laundering company ACAMS for $500 million

PARIS - French investment company Wendel has agreed to buy ACAMS, a company which provides training and certifications for anti-money laundering and financial crime prevention, for around $500 million, the companies said on Monday.

Wendel struck the acquisition of ACAMS as part of a deal alongside Colibri Group, a Gridiron Capital company, to buy the financial services segment of Adtalem Global Education, whereby Wendel will acquire ACAMS, and Colibri will separately acquire Becker Professional Education and OnCourse Learning.