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