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In July 2013, global growth equity firm General Atlantic completed the acquisition of just under 30% of shares in Hyperion from private equity investors 3i and BP Marsh.
John Bernstein, Managing Director of GA’s European operations, and David Hodgson, a founding partner of General Atlantic, joined the Hyperion Board as Non-Executive Directors.
David Howden, CEO of Hyperion, commented: “I am extremely pleased to welcome General Atlantic as a shareholder as we enter the next phase of the Group’s development.
General Atlantic invest in companies which are global and have significant growth potential. As we look forward with a new global investment partner, the future for the Group is an exciting one. Their intellectual capital and global contacts will help us continue to grow internationally in the right way – and beyond that they are a long-term investor that will support us as we continue on the path to achieving our strategic objectives.”
John Bernstein said: “Hyperion is one of the most exciting growth companies we have come across which has built a global business by focusing on the emerging needs of customers for specialist insurance products. Hyperion has a deep pool of entrepreneurial managers and we look forward to partnering with them for the next phase of the Company’s fast growth.”
Hyperion management and employees continue to hold over 60% of shares in the Company.
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