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Doughty Hanson gets value from HellermannTyton

The company has been performing strongly since its IPO in May, and would provide Doughty with a 2.7 times return if it sold its entire stake at today's share price

Buyout firm Doughty Hanson has netted a further £119 million from the sale of its shares in cable tie maker HellermannTyton, which it listed on the stock exchange in May this year.

At the time that the company floated, the deal was one of the first IPO of a financial sponsor-backed asset in the UK for two years and helped spark a revival in London's listing scene for buyout-backed firms.

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