If completed, the acquisition would value Gresham House at approximately £260m.
The company, which has a market value of £260m, manages nearly £8bn of assets, with investments spanning across various sectors including forestry, battery storage, housing, infrastructure, and renewable energy.
The origins of Gresham House date back to 1857.
This potential deal comes amid a series of acquisitions involving London-listed companies this year, such as event organizer Hyve, investment bank Numis, and payments firm Network International, which were acquired by private equity firms or strategic buyers.
Sources close to the matter have revealed that lenders have been approached to help finance the deal.
However, the price being discussed between Searchlight and Gresham House remains unclear.
Evercore, Rothschild, and Dean Street Advisers are all advising on the potential takeover.
Gresham House has not commented on the rumors and speculation surrounding the potential take-private deal.
LONDON DAILY ARCHIVE
Gresham House in Talks with Searchlight Capital for Potential £260m Take-Private Deal
Gresham House, a London-based alternative investment manager, is in talks with Searchlight Capital, a US-based private equity firm, regarding a potential take-private deal.
17 July 2023 · 10:24 UTC
