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B P Marsh and Partners PLC Announces Completion Of Partial Disposal Of Investment In Hyperion


Monday, 8 Jul 2013 07:31am EDT 

B P Marsh and Partners PLC announced that the transaction to sell 80% of its holding (5,623,520 shares) in Hyperion to the global growth equity firm General Atlantic Hawthorn B.V. (General Atlantic) has now completed following receipt of FCA approval, competition clearance in Germany and regulatory clearance in Texas, Spain and Singapore. The cash consideration of GBP29,242,304 (equating to GBP5.20 per A Ordinary Share of Hyperion) has been received. The Company will retain a 2.76% stake in Hyperion subject to a Call Option arrangement which will allow General Atlantic to purchase the Company's remaining stake of 1,405,880 A Ordinary Shares of Hyperion at GBP5.20 per share. The Call Option will expire and fall away on July 08, 2016 or upon Hyperion undertaking an Initial Public Offering (IPO), whichever is the earlier. Under the Call Option the Group could receive a further GBP7,310,576 in cash if exercised. 

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