Tristan Capital Partners completed the acquisition of a majority stake in Raag Hotels from Wellcome Trust for £420m.

Tristan Capital Partners, a private equity form, completed the acquisition of a majority stake in Raag Hotels, a firm which owns Point A Hotels, from Wellcome Trust, a non-profit organization, for £420m. Queensway will remain as minority partner. “The acquisition of this hotel platform reflects our wider hotel strategy of partnering with best-in-class operators in market segments that are resilient to market volatility with substantial growth potential," Kristian Smyth, Tristan Executive Director.