Tetragon Financial Group Limited (TGONF.PK), a closed-end investment company, Thursday said it has signed definitive agreements to acquire Equitix Holdings Limited from Private equity firm Cabot Square Capital LLP for an enterprise value of 159.5 million pounds.
Equitix is an integrated core infrastructure asset management and primary project platform that currently manages in excess of 1 billion pounds of investor capital across three 25-year core infrastructure funds.
The acquisition is subject to regulatory approval and certain other conditions and the purchase price is subject to adjustment until the closing date.
There are also certain post-closing increases to the purchase price of up to a maximum of 15 million pounds, payable in early 2017 to the extent the company outperforms its business plan.
Equitix's current 50+ member team is expected to continue in the business post acquisition.
The acquisition is expected to be financed with debt and equity.
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