Searchlight Capital Partners to acquire Gresham House for £469m cash offer

Premium of 63% to last closing price

Valeria Martinez
clock • 2 min read

Gresham House, the alternative fund manager which holds £8bn in assets, is set to be acquired by Searchlight Capital Partners for £469.8m.

In a stock exchange notice today (17 July), Gresham House and Bidco, a newly incorporated entity formed by funds advised by Searchlight, said it had reached agreement on the terms of a recommended final cash offer for the firm's entire issued share capital. The acquisition values the entire issued, and due to be issued, share capital of Gresham House at roughly £469.8m on a fully diluted basis, meaning its shareholders will receive 1,105 pence in cash for each share held, a 63% premium to the stock's last closing price of 680p. Gresham House hires sales duo for UK institutional busine...

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