Mondrian Investment Partners has repurchased a 27.5% minority stake from Hellman & Friedman, the last of the interest the private equity firm acquired as part of a management buyout when Mondrian broke away from parent Delaware Investments in 2004.
According to the company's “narrative” on the eVestmentAlliance database, Mondrian's employees now own 100% of its equity. Terms of the deal weren't disclosed.
David G. Tilles, Mondrian's executive chairman, couldn't be reached for comment. Kelly Smith, spokeswoman for Hellman & Friedman, said executives there declined comment.