Exponent Buys UK Tool Supplier HSS Hire From Hedge Funds

Law360, New York (October 26, 2012, 4:27 PM EDT) -- British private fund firm Exponent Private Equity LLC has acquired HSS Hire Services Group, the U.K.'s leading supplier of tools and equipment, from two U.S. hedge funds, HSS Hire said Thursday.

HSS Hire, a U.K.-based tool and equipment hire chain, was previously owned by New York-based Och-Ziff Capital Management Group LLC and hedge fund Perry Capital LLC. The firm reported sales of £180.2 million ($290 million) last year — a 5 percent increase over the previous year — and profits of £39.8 million.

Financial terms of the...
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