Metric Capital Partners acquires Hibu Connect

The transaction follows the recent sale of the company's Latin America-based operations in 2015 and is part of a restructuring strategy which the company prompted following its application for insolvency in December 2013, according to press reports.

According to a statement, MCP recently held a final close on €850m for its third fund, and currently has €1.5bn of assets under management.

According to the Spanish publication El Economista, the Hibu deal is subject to regulatory approval, which a source close to the situation confirmed to unquote".

Company
Founded in 2001 and headquartered in Reading, Hibu is a multinational directories and internet services provider. Formerly known as Yell Group, the business operates under the Yell brand across the UK, as hibu.com in the US and Páginas Amarillas in Spain.

According to unquote" sister publication Mergermarket, the company posted $797m of revenues in 2016.

People
Metric Capital Partners – Fabio Andreottola (partner).

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