US firm eyes BP Marsh’s and 3i’s stake

Gift, money

Private equity firm General Atlantic is bidding to buy BP Marsh and 3i’s stake in Hyperion, Insurance Times understands.

Last month, 3i held talks with a then-unnamed party about selling its 19.1% stake. BP Marsh has a 13.8% stake.

General Atlantic has made offers for 100% of both firms’ stakes.

3i and General Atlantic would not comment. BP Marsh would not confirm or deny the story.

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