Gresham House, a London-listed asset supervisor which invests in sectors together with forestry and battery storage, is in talks a few non-public fairness takeover.
Sky News has learnt that Searchlight Capital, a US-based buyout agency, is concentrating on a take-private of the choice funding supervisor, which is run by chief government Tony Dalwood.
If accomplished, the deal could be the newest in a sequence of offers involving London-listed firms this 12 months.
The occasion organiser Hyve, funding financial institution Numis and funds agency Network International have all been acquired in 2023, both by non-public fairness corporations or strategic acquirers.
Gresham House, which has a market worth of about Β£260m, managed practically Β£8bn of belongings on the finish of final 12 months.
Its areas of funding additionally span housing, infrastructure and renewable vitality, with its origins relationship again to 1857.
Lenders are understood to have been approached to assist Searchlight finance the deal.
The worth being mentioned between Searchlight and Gresham House was unclear this weekend.
Evercore, Rothschild and Dean Street Advisers are all understood to be advising on the possible takeover.
A spokeswoman for Gresham House mentioned on Sunday that the corporate didn't touch upon "rumour and speculation".
Please share by clicking this button!
Visit our site and see all other available articles!