Hermes Sells Walbrook Group

Hermes Private Equity has sold independent fiduciary services company Walbrook Group Ltd. to Barclays Bank. No financial terms were disclosed. Hermes sponsored a management buyout of Walbrook from Deloitte in December 2003. In January 2006, Walbrook also acquired the Deloittes office in Hong Kong. Hermes was advised on the sale by KPMG and SJ Berwin.