Wood Mac stake fetches £1.1bn

 
City A.M. Reporter
HELLMAN & Friedman will take a majority stake in energy analysis group Wood Mackenzie in a deal that values the company at £1.1bn including debt, marking a relatively quick turnaround for seller Charterhouse in a sluggish market.

The deal comes just three years after Charterhouse bought the firm – which has over the years been chaired by both Sir George Mathewson and Gerry Grimstone – in a £553m buyout. Charterhouse will retain a 13 per cent stake in Wood Mac. Management and staff, led by chief executive Stephen Halliday will hold a 24 per cent.