Vinci Is Still A Buy After Acquiring Compass, But With More Caution [Seeking Alpha]
COMPASS GROUP SP/ADR (CMPGY)
NASDAQ:AMEX Investor Relations:
compass-group.com/en/investors.html
Company Research
Source: Seeking Alpha
The deal is not considered a bargain, but Vinci's management has a track record of successful integrations. Synergies and integration challenges are expected, but the Brazilian business continues to perform well. Vinci Partners ( NASDAQ: VINP ) is a Brazilian asset manager, with a focus on alternative assets. I have been recommending the name since June 2022 for a total return of 30% inclusive of dividends. My latest article on the company is very recent, from January 2024 . However, the company recently announced a merger/acquisition with Compass Group , a leading asset manager and distributor in Latin America. After the merger, which will be completed by 3Q24, Vinci will manage $50 billion in assets compared to around $15 billion today. In addition to Brazil, it will have large businesses in Chile, Peru, and Mexico. It will increase its wealth management and distribution exposure from a more first-party focus today. The combined entity will have twice the employees it has t
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News
- Compass Group Canada Recognized as a Top Workplace in Canada by Great Place to Work® Institute [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Investors Met With Slowing Returns on Capital At Compass Group (LON:CPG) [Yahoo! Finance]Yahoo! Finance
- Compass Group Reinforces Commitment to Reduce Food Waste on 8th Annual Stop Food Waste Day [Yahoo! Finance]Yahoo! Finance
- Compass Group Reinforces Commitment to Reduce Food Waste on 8th Annual Stop Food Waste DayBusiness Wire
- Compass Group Canada Celebrates 9th Annual Stop Food Waste Day, Emphasizing Commitment to Reduce Food Waste by 50% by 2030 [Yahoo! Finance]Yahoo! Finance