Gresham House, a London-listed asset supervisor which invests in sectors together with forestry and battery storage, is in talks a couple of non-public fairness takeover.
Sky News has learnt that Searchlight Capital, a US-based buyout agency, is focusing on a take-private of the choice funding supervisor, which is run by chief govt Tony Dalwood.
If accomplished, the deal could be the most recent in a collection 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 companies or strategic acquirers.
Gresham House, which has a market worth of about £260m, managed almost £8bn of property on the finish of final 12 months.
Its areas of funding additionally span housing, infrastructure and renewable vitality, with its origins courting 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”.
Content Source: information.sky.com