The latest update is out from Petershill Partners PLC ( (GB:PHLL) ).
Petershill Partners PLC reported strong financial performance for 2024, with an 11% increase in Partner Distributable Earnings to $323 million and significant asset raising momentum. The company completed four acquisitions totaling $205 million and three disposals generating $575 million, reflecting a premium of 19% over the carrying value. The firm announced a total capital return of $563 million, including dividends and buybacks, and a special dividend of $151 million. The strategic moves, including the acquisition of a stake in Kennedy Lewis Investment Management, have bolstered Petershill’s exposure to the private credit space. Despite economic uncertainties, the company remains confident in its strategy and ability to deliver strong shareholder returns.
More about Petershill Partners PLC
Petershill Partners PLC, operated by Goldman Sachs Asset Management, is a company focused on acquiring stakes in private market firms. It primarily deals with investments in private equity and private credit, aiming to generate returns through strategic acquisitions and disposals.
YTD Price Performance: -2.42%
Average Trading Volume: 448,335
Technical Sentiment Signal: Sell
Current Market Cap: £2.62B
See more insights into PHLL stock on TipRanks’ Stock Analysis page.