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Hellman & Friedman plans dividend recap of Wood Mackenzie

16 Aug 2013

dollar large_sqPrivate equity firm Hellman & Friedman is reportedly planning as dividend recapitalisation of Wood Mackenzie one year after acquiring the oil and gas research company.

The firm wants to tap the debt markets to refinance Wood Mackenzie and pay itself a dividend, said Dow Jones.

Hellman bought Wood Mackenzie from UK firm Charterhouse in July last year in a deal that valued the business at £1.1bn.

This is the ninth such deal of 2013, according to research firm Dealogic.

In May Standard & Poor’s noted that the amount of debt-funded dividends that had been paid out to date had exceeded that for the whole 2012.

S&P attributed the surge in dividend recapitalisation to the strong credit markets and the tough exit environment.

Recent divident recapitalisations included the refinancing coffee and sandwich chain Pret A Manger, which is backed by private equity firm Bridgepoint.

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