Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Petershill Partners PLC ( (GB:PHLL) ) just unveiled an update.
Petershill Partners PLC announced the sale of most of its stake in General Catalyst for a significant premium, marking a strategic shift due to a divergence in business models. The sale, valued at $726 million, will result in a special dividend of 14 cents per share. This transaction aligns with Petershill’s strategy to redeploy proceeds into new investments while addressing the strategic mismatch with General Catalyst’s evolving business focus. The sale enhances Petershill’s value creation model and underscores its ability to realize assets at attractive valuations, which is expected to positively affect shareholder returns.
More about Petershill Partners PLC
Petershill Partners PLC is a diversified global alternatives investment group, publicly listed and focused on private equity and other private capital strategies. Operated by Goldman Sachs Asset Management, it provides investors exposure to the growth and profitability of the alternative asset management industry through its economic interests in a portfolio of partner firms. These firms collectively manage a significant volume of assets, offering Petershill Partners stable and high-margin cash flows.
YTD Price Performance: 1.61%
Average Trading Volume: 350,510
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.73B
Find detailed analytics on PHLL stock on TipRanks’ Stock Analysis page.
