American buyout firm TPG, in a development which saw closure on Wednesday, has sold all its currently held Debenhams stakes to a hedge fund, the name of which has remained undisclosed. The stocks sold are rumored to have a net worth of nearly 100 Million Pounds.

The stake sold by TPG consisted of over 120 million shares, which makes up for nearly 9% of Debenhams' total stake. Each share went for around 81.6 pence, which is slightly lower than the share's current market price of 82.65 pence.

Some analysts believe that the sale of stake could be a precursor to a possible bid for UK's giant department store chain. "A bid for the group currently valued at 1.1 billion pounds looks possible", said Manoj Ladwa, senior trader at ETX Capital. "Though the deal looks good on paper, the question has to be asked where the buyer will come from?"

It has been speculated that if there is actually a bid made on Debenhams, various difficulties with regards to finances would rise in the debt markets. TPG has, so far, declined to make any comments on the huge sale.