Majority share for Hellman

By Rob Watts

 05 July 2012 22:59 GMT

PRIVATE equity group Hellman & Friedman is to take a majority stake in energy research consultancy Wood Mackenzie in a deal that values the Edinburgh-based company at £1.1 billion ($1.7 billion), writes Rob Watts.

Hellman & Friedman will hold a 63% majority share in Wood Mackenzie, with vendor and previous majority owner Charterhouse Capital Partners retaining a 13% share.

The remaining 24% will be held by Wood Mackenzie management and staff, many of whom will be in line for payouts.

Wood Mackenzie chief executive Stephen Halliday said: “We are delighted with the investment from Hellman & Friedman and the continued involvement of Charterhouse, as Wood Mackenzie moves into the next phase of its development.”

In 2009, Charterhouse took control of Wood Mackenzie, which has about 650 staff working…

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