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James Isola
Maitland

+44 (0) 20 7379 5151
hermesgpe-maitland@maitland.co.uk

19th December 2011

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 £4.8 billion*, has today 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, commented:

“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, said:

“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 4th 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.

 

Contact details:

Hermes GPE:

Rowan Brown (Maitland) +44 20 7379 5151

Email: rbrown@maitland.co.uk

Peter Ogden (Maitland) +44 20 7379 5151 

Email: pogden@maitland.co.uk      

                        

Editors Notes: (for inclusion)

Hermes GPE

Hermes GPE is one of Europe's leading independent specialists in private markets with assets under management of £4.8 billion*. The team has a significant investment and advisory track record in private markets spanning 20 years, making it one of the most experienced investors and portfolio advisers in international private equity and infrastructure. Hermes GPE invests in and advises on a diverse range of private equity and infrastructure products on behalf of its clients, including primary fund investments, co-investments, environmental innovation and secondary investments. It invests and advises across the globe.  Hermes GPE creates bespoke long-term partnerships with its clients and investment solutions are tailored to meet their specific objectives. Hermes GPE is an active proponent of responsible investing. The firm is a signatory of the United Nations-backed Principles for Responsible Investment.

Registered address: Lloyds Chambers, 1 Portsoken Street, London E1 8HZ, United Kingdom

www.hermesgpe.com

 

*As at 30th November 2011

 

Hermes Fund Managers

 

Hermes is a unique fund manager – we have been an industry leader in Responsible Investing for over thirty years and offer clients the unparalleled combination of:

 

  • Our Multi-Boutique Structure gives institutional and pension fund clients globally the benefit of access to a broad range of specialist, high conviction investment teams operating within an established and robust operating platform.
  • Our Investment Office is a crucial function, acting as a performance risk ‘radar’ for all boutiques’ investment activity and is central to our mission to deliver Sustainable Risk-Adjusted Alpha to all our clients. 
  • Our commitment to behaving as a Responsible Asset Manager, not merely by being a ‘Responsible Investor’ in quoted companies but also by applying these principles across all asset classes and by behaving as a ‘good fiduciary’ on behalf of our clients. 

 

Hermes' investment solutions include:

  • Bonds: Inflation-Linked, Government Bonds, Investment Grade, High Yield
  • Alternatives: Commodities, Fund of Hedge Funds, Real Estate
  • Equities: Global, Emerging Markets, Small Cap, Europe, Japan

 

Hermes manages assets on behalf of more than 175 clients** across these investment areas with £20.9 billion** assets under management. Additionally, we support pension funds and other global institutional investors worldwide in meeting their ESG responsibilities through our market leading Hermes Equity Ownership Services, which takes on a stewardship role engaging globally on more than £85 billion* of assets.

** As at 30th September 2011

This press release is issued and approved by Hermes Investment Management Limited of 1 Portsoken Street, London E1 8HZ.Hermes is a multi-boutique asset manager, independent of any broader financial services organisation. This document is not an offer to sell or an invitation to apply for any product or service of Hermes.This Press release includes and is based on forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to differ. Such forward-looking information and statements are based on current expectations, estimates and projections. Important factors that could cause actual results to differ materially from those expectations include, among others, interest rates and fluctuations in currency exchange rates. Although Hermes believes that its expectations and the information in this press release were based upon reasonable assumptions at the time when they were made, it can give no assurance that those expectations will be achieved or that the actual results will be as set out in this press release. Hermes undertakes no obligation to publicly update or revise any forward-looking information or statements in the press release.

 

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