General Atlantic buys into Hyperion

Global growth equity firm General Atlantic has bought a 30 per cent stake in Hyperion Insurance Group, the international intermediary. The deal values the company at an equity value of £250 million.

The deal will see General Atlantic acquire up to 100 per cent of 3i’s holding in Hyperion and 80 per cent of BP Marsh’s holding. Hyperion’s management and employees will continue to hold over 60 per cent of shares in the business.

As a result of the transaction, John Bernstein, managing director of General Atlantic in Europe, will join the board of Hyperion, subject to regulatory approval.

“General Atlantic’s investment represents a major step in Hyperion’s growth story,” said David Howden, CEO of Hyperion. “GA will provide long-term stability to our investor base and, with both private and listed companies in their portfolio, will bring important experience to the table as we prepare to go public.”