Petershill Partners PLC (GB:PHLL) has released an update.
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Petershill Partners PLC has announced the partial sale of its stake in Accel-KKR for a total of $282 million, leading to a special dividend of 17.5 cents per share for its shareholders. This move aligns with the company’s strategy to focus on management fee-centric earnings while retaining a significant interest in Accel-KKR. Despite the sale, Petershill Partners maintains its full-year guidance, highlighting its ability to exit investments at favorable valuations.
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