Wendel links loan to female leadership

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By Mike Turner
09 Apr 2021

Wendel, the French private equity firm, has amended a €750m revolving credit facility to add ESG elements, including one for higher female representation in leadership positions, as more investment houses make social equality a focus.

Wendel amended its due October 2024 facility to include three key performance indicators.

These are that at least 30% of Wendel Group representatives on the boards of directors of portfolio companies, and certain group holdings, must be women by the end of 2023; that environmental, social and governance due ...

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