Private equity firm targets BP Marsh and 3i’s share in intermediary

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