Hyperion plans to go public as equity firm buys 30% stake
Equity firm General Atlantic has agreed to buy 30% of the shares in Hyperion Insurance Group, as the broking group prepares to float.
The transaction places the equity value of Hyperion at £250m, and will involve General Atlantic acquiring 100% of 3i’s holding and 80% of BP Marsh’s holding.
No shares will be sold by Hyperion’s management or employees as part of the deal.
John Bernstein, managing director of General Atlantic in Europe, will join the board of Hyperion, subject to regulatory approval, following completion of the acquisition.
Mr Bernstein commented: “Hyperion has an exceptional track record of growth with an
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