Tetragon rises after it sells minority stake in Equitix

Tetragon Financial

16/06/2025 11:06

** Shares of Tetragon Financial Group Ltd TFG.AS rise around 7% after independent investment firm Hunter Point Capital (HPC) bought a minority stake in its subsidiary

** HPC is acquiring a 16.1% stake in Equitix, at an implied enterprise value of £1.3 bln, excluding net debt

** J.P.Morgan says the stake "implies a 45% gross uplift in valuation of TFG's largest investment"

** The broker keeps its "overweight" rating on Tetragon, with the stake sale driving a NAV of up to 10.5%​

 (Reporting by Johan Bodinier)

 ((Johangeorgesroger.bodinier@thomsonreuters.com))