George Soros has reportedly hired LionTree to sell all or part of his stake in Hyperoptic in a deal that is expected to value the firm at more than £500m. The billionaire investor and philanthropist said he was “very excited” about investing in the company which specialises in providing data analytics for financial services firms such as Barclays, HSBC, Citigroup and UBS.
George Soros has reportedly hired LionTree to sell all or part of his stake in Hyperoptic in a deal that is expected to value the firm at more than £500m. The ultrafast broadband provider, which received a cash injection from Abu Dhabi’s Mubadala Investment Company last year and a further £250m debt funding from a consortium of eight banks including Barclays, BNP Paribas, ING, RBS and Société Générale, is looking to scale it operations and has pledged to invest £500m to expand its network over the next three years.