New majority owner for Wood Mackenzie

Stake: Hellman & Friedman take 63% stake in Wood Mackenzie

Wood Mackenzie

News Wires

 03 July 2012 19:10 GMT

Hellman & Friedman will take a majority stake in energy analysis group Wood Mackenzie in a deal that values the company at £1.1 billion ($1.7 billion).

The deal comes just three years after Charterhouse acquired the business in a £553 million buyout, which ranked as the largest private equity deal in 2009, Reuters reported.

While private equity groups grew rich throughout the middle of the last decade by buying companies and selling them a couple of years later for vast profits, these days buyout firms frequently own businesses for up to seven years before selling.

Charterhouse, which has seen the value of the investment double under its ownership, will retain a 13% stake in Wood Mackenzie.

Charterhouse kicked off the…

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login

Upstream share price index