Brookfield Buyout Fuels $920 Million Founder’s Family Office

Richard Harpin’s family office completes third deal this year
HomeServe founder is ramping up dealmaking after selling firm

WATCH: “I’ve freed up a lot of capital, hundreds of millions of pounds, to back entrepreneurs at an earlier stage in their journey,” Harpin says.Source: Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Benjamin Stupples

September 4, 2024 at 8:11 AM UTC

Updated on

September 4, 2024 at 1:30 PM UTC

This article is for subscribers only.

Richard Harpin amassed one of Britain’s biggest fortunes through building up household repair business HomeServe. Now, he’s eyeing a new kind of expansion: a ramp-up in dealmaking through his personal investment firm.

Growth Partner, Harpin’s family office, this week finalized a £10.5 million ($13.8 million) deal to buy a minority stake in UK holiday-rental business Host & Stay, according to a statement. It’s fueled by the roughly £490 million windfall that Harpin and his family pocketed when Brookfield Asset Management bought HomeServe last year for £4.1 billion.