Petershill Partners Finalizes LMR Stake Sale
Company Announcements

Petershill Partners Finalizes LMR Stake Sale

Petershill Partners PLC (GB:PHLL) has released an update.

Petershill Partners PLC has successfully divested its entire stake in LMR Partners for a deal worth up to $258 million, including upfront cash, deferred consideration, and an earn-out. The sale aligns with Petershill’s strategic emphasis on private capital strategies and is not expected to significantly affect its 2024 financial guidance. Post-sale, Petershill’s portfolio will concentrate over 90% on private market strategies, maintaining a strong growth trajectory in this sector.

For further insights into GB:PHLL stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskPetershill Partners Reports Robust Half-Year Growth
TipRanks UK Auto-Generated NewsdeskPetershill Partners Sees Strong Growth and Shareholder Returns
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App