Tuesday, July 3, 2012

Reuters: Private Equity: Hellman & Friedman takes controlling stake in Wood Mac

Reuters: Private Equity
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Hellman & Friedman takes controlling stake in Wood Mac
Jul 3rd 2012, 13:28

LONDON, July 3 | Tue Jul 3, 2012 9:28am EDT

LONDON, July 3 (Reuters) - Private equity group Hellman & Friedman said it will take a majority stake in energy analysis group Wood Mackenzie in a deal that would value the company at 1.1 billion pounds ($1.7 billion).

Vendor Charterhouse will retain a 13 percent interest in the company it acquired in 2009 for 550 million pounds.

Hellman & Friedman will take a 63 percent stake in the business, while Wood Mackenzie's management and staff will hold a 24 percent interest in the company.

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