Doughty Hanson sells stake

Doughty Hanson, the private equity group, was last night selling its remaining shareholding in the cable management firm HellermannTyton through a share placing. JP Morgan and Goldman Sachs acted as bookrunners and placing agents. The placing is expected to comprise around 47m shares, representing 21.8 per cent of the group. Hellermann Tyton’s shares closed 1.8 per cent higher yesterday at 323p.