Dechert advised Tetragon Financial Group Limited on its sale of a minority stake in Equitix Group (Equitix) to Hunter Point Capital (HPC). HPC, an independent investment firm providing capital solutions and strategic support to alternative asset managers, has agreed to acquire a 16.1 percent stake in Equitix at an implied enterprise value of £1.3 billion, excluding net debt.
This transaction enables Tetragon to realize some of the value created in Equitix while remaining invested in a sector with significant potential for innovation and growth. HPC brings additive relationships and expertise to enhance Equitix’s continued innovation and development.
The deal exemplifies the continued momentum in GP stakes transactions. The sale’s complex cross-border structure required sophisticated counsel and reinforces Dechert’s leading credentials in the European GP market.
The Dechert team that advised Tetragon on this transaction included private equity partner Christopher Field and corporate counsel James Stonehill along with associates Richard Murdoch, James Hutchens, Victor Chatelais and Melissa Ayeltigah; antitrust/competition partners Douglas Lahnborg and Saira Henry; and financial services and investment management partner Colin Sharpsmith.
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