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Searchlight Capital to buy UK's Gresham House for about £470 million

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Published Mon, Jul 17, 2023 · 02:57 PM
    • Under the terms of the deal, Gresham’s shareholders will receive 1,105 pence in cash for each share held, which represents a premium of 62.5 per cent to the stock’s last closing price.
    • Under the terms of the deal, Gresham’s shareholders will receive 1,105 pence in cash for each share held, which represents a premium of 62.5 per cent to the stock’s last closing price. PHOTO: REUTERS

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    US-BASED investment firm Searchlight Capital Partners on Monday (Jul 16) said it will buy British alternative asset manager Gresham House for £469.8 million pounds (S$812.4 million).

    Under the terms of the deal, Gresham’s shareholders will receive 1,105 pence in cash for each share held, which represents a premium of 62.5 per cent to the stock’s last closing price.

    Gresham House directors intend to recommend that shareholders vote in favour of the deal, Searchlight said in a statement. REUTERS

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