Financial News – Robinson was co-founder of Trafalgar Asset Managers, a hedge fund manager in which Petershill bought a 20% stake in April 2008. The terms of the agreement gave Petershill the right to retain a passive minority stake in a new future venture set up by Robinson, according to a person familiar with the situation. Petershill has now taken up these rights, the person said.
At the time, Petershill was understood to have paid between $50m and $100m for its 20% stake in Trafalgar. The source said that Petershill’s stake in Altana will not necessarily be the same size as the one in Trafalgar. The Petershill fund is not committing any new capital to the minority stake.
