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Facebook backer provides Hyperion ‘vital stepping stone’ towards IPO

david-howden1

An initial public offering is firmly back on the agenda at Hyperion after it struck a deal that sees public company investment specialist General Atlantic take a 30% stake in the international intermediary.

The deal, which has been in the making since last October and is subject to regulatory approval, values the firm at £250m. It was achieved by GA acquiring up to 100% of 3I’s stake in the firm and 80%

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McGill sold to EQT for £2bn

McGill and Partners and private equity firm EQT have entered into a definitive agreement in which the latter will acquire a majority stake in the former for $2bn (£1.5m).

AI in broking: why the debate must move on

For insurance brokers, Andy Lewis, head of people proposition at Hedron Network, says the artificial intelligence debate has shifted from whether to adopt the technology to how to embed it safely, practically and strategically so it delivers lasting value.

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