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Hermes GPE announces change of ownership structure

Hermes GPE LLP (“Hermes GPE”), one of Europe’s leading independent private markets specialists with assets under management of GBP4.8 billion, has announced a revised ownership structure. Hermes Fund Managers Limited and the Hermes GPE management team have acquired the interests in Hermes GPE previously held by a subsidiary of Henderson Group plc (Henderson).

Hermes GPE will continue to operate independently of its institutional partners and its business strategy will remain unchanged.

Alan MacKay, CEO of Hermes GPE, says: “Hermes GPE has one of the most experienced investment teams in international private equity and infrastructure. We recently announced new offices in the Americas (Boston) and in Asia (Singapore) following strong organic growth in our AUM.  The Hermes GPE management team welcome this opportunity to acquire a greater stake in our business, and its proven investment strategy. In challenging financial times we believe that private markets offer great opportunity.”
Saker Nusseibeh, acting CEO of Hermes Fund Managers, says: “Hermes GPE has developed itself as a leader in private markets since its launch in April 2010, and this was an excellent opportunity to cement our partnership with the management team.”

Henderson acquired the stake in Hermes GPE as part of its acquisition of Gartmore Group Limited on 4 April 2011.

The Private Equity Advisory Group of Richmond Park Partners LLP acted as advisers to Hermes Fund Managers on this transaction, having previously advised Hermes on the creation of Hermes GPE.

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