Caisse de dépôt to invest $400 mln in GA-backed Hyperion

Caisse de dépôt et placement du Québec will invest more than US$400 million in Hyperion Insurance Group, a London, U.K.-based insurance business. The deal gives the Caisse a "significant" minority interest in the company alongside U.S. private equity firm General Atlantic (GA), which invested in 2013. Hyperion management and employees remain the largest shareholders. The funds raised from the Caisse will provide liquidity to existing investors and, along with a proposed debt refinancing, supply Hyperion with more than US$300 million for its global growth strategy.

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