HH Global announces agreement by Blackstone to make a £100 million strategic minority equity investm
HH Global has reached an agreement with funds managed or advised by Blackstone Tactical Opportunities in relation to a £100 million strategic minority equity investment in HH Global. Subject to receipt of relevant antitrust approvals, Blackstone’s investment is expected to complete in the first quarter of 2020.
Robert MacMillan, chairman and group CEO of HH Global, said: ‘We look forward to our strategic partnership with the Blackstone team and are excited about reaching new milestones as we embark on this next stage of our journey. Blackstone’s equity investment and extensive experience will enable our committed leadership team to accelerate growth in our core business, broaden our service offering and pursue expansion opportunities globally. The investment allows us to also significantly grow our newly developed data and digital multichannel marketing offering with a global buy and build strategy.’
Raphael de Botton, managing director of Blackstone, said: ‘We look forward to working with Robert MacMillan and the excellent management team he has assembled. The company is one of the few truly global operators in the market, which we believe is a strong differentiator to capture the exciting growth ahead of us. We look forward to supporting HH Global’s impressive growth trajectory, both organically and through mergers and acquisitions.’