Hellman & Friedman Sells Out of GTT

Gaztransport & Technigaz S.A. (GTT) announces that H&F Luxembourg 1 S.à.r.l., an affiliate of Hellman & Friedman, has completed the sale of its remaining holding in the share capital of GTT in a private placement to institutional investors. 

 

Hellman & Friedman acquired its stake in GTT in 2008 and became a shareholder alongside Total S.A. and GDF Suez S.A. In February 2014, GTT completed its successful initial public offering (IPO), representing a market capitalization of EUR 1.7 billion.    

 

Patrick Healy, Managing Director and Deputy CEO of Hellman & Friedman said, "The sale of our remaining stake in GTT brings a conclusion to H&F's partnership with GTT starting with our investment in 2008 and the highly successful IPO in February 2014. The excellence of the GTT business and financial profile generated a strong return for all investors without the use of financial leverage.