Taylor Wessing advises Hyperion on sale of shares to General Atlantic
Taylor Wessing has advised longstanding client Hyperion Insurance Group on the agreement by General Atlantic to acquire just more than 30 per cent of the shares in Hyperion from 3i Group and BP Marsh & Partners. The transaction values the company at an equity value of £250m.
The acquisition of this major stake will be achieved by General Atlantic, a global growth equity firm, acquiring up to 100 per cent of 3i’s holding and 80 per cent of BP Marsh’s holding. Hyperion management and employees continue to hold more than 60 per cent of shares in the company and no shares will be sold by management or employees as part of the transaction.
On completion of the transaction, John Bernstein, managing director of General Atlantic in Europe, will join the board of Hyperion, subject to regulatory approval.
Taylor Wessing corporate and finance partners Peter Kempe and Martin Yells advised Hyperion.
News from Taylor Wessing
News from The Lawyer
Briefings from Taylor Wessing
When considering whether a sign ‘consists exclusively of the shape of goods that is necessary to obtain a technical result’, the court is not confined to looking at the sign as filed.
Iceland Foods applied to register in the UK the trademark ICELAND (both figurative and word marks) for fish, meat, game and poultry.
Analysis from The Lawyer
The city-state is working hard to become a global wealth management hub, and law firms are gearing up for a prosperous new world
Financial disputes are starting to dominate the English courts as the long-awaited fallout from the downturn finally comes to town