PRINT THIS PAGE Phoenix exits HPI with £120m sale to Aviva17/08/2004. Source: AltAssets. 
 UK buy-out firm Phoenix Equity Partners has exited its investment in HPI, a car status information provider, to insurance group Aviva for £120m. The sale is understood to represent a doubling of the investment Phoenix made in 2003.
Andrew Deakin of Phoenix said: 'We are very pleased with the performance of HPI and with our investment in the business over the course of the past 14 months. We understood the real value of the core business and spotted the opportunity to roll-out new products working closely with a very professional management team.'
Phoenix currently manages four funds with a total of £500m under management. The group specialises in buy-out transactions up to around £200m.
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