Howden-owner Hyperion sells stake for £298m
In addition to this sale the business is also looking to raise £224m in additional capital as it looks to support global growth strategy and deals in the pipeline.
Howden-owner Hyperion has sold a “significant minority stake” in the business to Caisse de dépôt et placement du Québec (CDPQ) for $400m (£298m).
According to a statement from Hyperion the deal will see CDPQ join General Atlantic as a long term growth partner and it will provide new growth equity as well as liquidity to existing shareholders.
The news follows reports that the company was planning a stake sale with a plan in place to sell around 25% of the business to a sovereign wealth fund or
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