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October 1st, 2020
Hg has invested in Hyperion, the international insurance intermediary. Founded in 1994 and headquartered in London, Hyperion is an international insurance distribution group, operating across 200+ global offices in 40 countries and employs around 6,000 people.
Hg will join Hyperion alongside General Atlantic, which invested in Hyperion in 2013, and CDPQ, which invested in Hyperion in 2018.
David Howden, Chief Executive Officer of Hyperion, said: “I am thrilled to welcome Hg as a long-term partner. During our conversations on A-Plan Group it was clear that Hg and Hyperion share an understanding of what building a business to last means for employees and clients. This, the quality of the Hg team, their support for our core employee ownership and our culture of empowerment, and the desire of the Hg partners to contribute to our digital and data strategy, makes them an excellent partner to join General Atlantic and CDPQ as we continue our journey.”
Andrew Land, Partner at Hg, added: “It is a privilege for Hg to back David and his fantastic team through this investment in Hyperion. The company is a unique and special business, driven by its outstanding culture and quality of talent, and it has a significant growth opportunity across the global insurance sector in the coming years. We got to know David during the recent sale by Hg of A-Plan Group to Hyperion, and it became clear that our long-term investment approach and specialism in technology were a great match for him and his team. In addition to providing capital, Hg’s deep knowledge of software and data will help Hyperion stay at the forefront of technology adoption across the insurance sector.”
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