October 15, 2019 / 7:40 AM / 4 months ago

French investment firm Wendel to buy U.S. company CPI in $910 million deal

PARIS (Reuters) - French investment firm Wendel (MWDP.PA) said on Tuesday that it had signed an agreement to acquire the U.S. company Crisis Prevention Institute (CPI) from San Francisco-based FFL Partners in a deal worth $910 million on an enterprise value basis.

Wendel added it would invest up to about $590 million as part of the deal to own Crisis Prevention Institute.

Crisis Prevention Institute is a provider of behavior management and crisis prevention training programs.

Reporting by Matthieu Protard; Editing by Sudip Kar-Gupta

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