10:39, December 05 955 0

2017-12-05 10:39:10
Magic circle firm bags first CDPQ mandate in UK

Linklaters and Weil Gotshal & Manges have won the top roles on Caisse de dépôt et placement du Québec’s (CDPQ) first major foray into UK M&A.

The deal sees CDPQ acquire a minority stake in Hyperion Insurance Group, investing more than $400m to provide new growth equity and liquidity to existing shareholders.

Weil Gotshal partner Jonathan Wood led the deal for the company Hyperion, while tax advice was provided by partner Oliver Walker.

Antitrust associate Neil Rigby worked on antitrust issues, while the firm’s associate group also included Ellie Fialho, Sam Blake, Michael Kenny and Stuart Pibworth.

Norton Rose Fulbright also provided regulatory support to the company, with partner Charlotte Henry taking the lead.

Weil Gotshal worked opposite Linklaters partners Alex Woodward and Kanyaka Ramamurthi, who advised investor CDPQ in its first major M&A deal in the UK. They were supported by associate Panayiotis Koullouros.

The transaction means CDPQ joins General Atlantic as a key investor in Hyperion.

Hyperion is an insurance intermediary group, with brands including Howden, Dual and RKH Speciality. It also has insurance broking and underwriting agency arms of the business.

Alongside the transaction, Weil Gotshal will be advising on Hyperion’s subsequent debt refinancing, also announced today (5 December).