Goldman Sachs-backed Petershill Partners Plc is set to return $921m to investors and delist from the London Stock Exchange, valuing the firm at approximately $4.5bn – a 35% premium to its last closing price, according to a report by Bloomberg.
The publicly traded unit, created from Goldman’s Petershill division, holds minority stakes in private equity and hedge fund firms. Despite strong operational performance, Petershill cited low trading liquidity and a small free float as reasons for leaving public markets. Around 80% of shares remain held by private funds affiliated with Petershill, which plan to maintain long-term investment exposure.
The delisting highlights the challenges facing UK investment trusts, which have been shrinking amid higher interest rates, limited scale, and declining investor appetite. For Petershill, operating privately offers greater flexibility to maximise value from its portfolio of alternative assets.
