Hunter Point Capital (HPC), an independent investment firm providing capital solutions and strategic support to alternative asset managers, has agreed to acquire a minority stake in Equitix, an international investor, developer and fund manager in infrastructure.
Seller Tetragon Financial Group announced HPC is acquiring a 16.1 percent stake in the business at an implied enterprise value of £1.3 billion ($1.8 billion), excluding net debt. HPC’s stake is being acquired from two existing shareholders: approximately 14.6 percent from TFG Asset Management, Tetragon’s diversified alternative asset management business, and 1.5 percent from Equitix management.
Tetragon acquired a controlling stake in Equitix in 2015. Since then, Equitix has grown from £1.3 billion ($1.8 billion) to more than £11.7 billion ($16 billion) in assets under management with a broad sector reach across social infrastructure, transport, renewable power, environmental services, network utilities
