Hyperion valued at £165m as BP Marsh sells a stake to Murofo
BP Marsh & Partners announced this morning that its wholly-owned subsidiary, BP Marsh & Company, has sold 1 193 500 shares (2.75%) in Hyperion Insurance Group for a cash consideration of £4.5m.
This values Hyperion, which has a stated ambition to do an IPO in 2013, at just under £165m.
BP Marsh added that the sale represented an IRR of 40.4% on the shares since they were acquired in November
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