Gresham House acquisition 'bittersweet' for 'unloved' UK stock market

‘Vote of confidence’ in alternatives

Valeria Martinez
clock • 4 min read

The private equity takeover of Gresham House has been described by shareholders as “bittersweet” and a “mixed blessing”, as yet another UK listed business leaves the London stock market.

US private equity firm Searchlight Capital Partners said on Monday (17 July) that it would be buying Gresham House in a deal that values the company at £469.8m, a 63% premium to the stock's last closing price. With this transaction, the London-based asset manager, which manages roughly £8bn of assets, including in battery energy storage and forestry, joins the growing list of private equity takeovers of UK stocks this year.  Searchlight Capital Partners to acquire Gresham House for £469m cash offer Private equity-backed take-private deals for UK listed companies have already beaten...

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