The alternative asset manager could become the latest UK-listed company to be taken private in 2023.
Gresham House, a London-listed asset manager that invests in sectors such as forestry and battery storage, is in discussions regarding a private equity acquisition.
US-based buyout firm Searchlight Capital is pursuing a take-private of the alternative investment manager led by CEO Tony Dalwood.
If finalized, this transaction would be the most recent in a string of transactions involving London-listed companies this year.
The event planner Hyve, the investment bank Numis, and the payments company Network International were all acquired by private equity firms or strategic acquirers in 2023.
At the end of last year, Gresham House, which has a market value of approximately £260m, managed nearly £8bn in assets.
In addition to housing, infrastructure, and renewable energy, its areas of investment date back to 1857.
It is also believed that lenders were approached to assist Searchlight finance the transaction.
This weekend, it was uncertain what price Searchlight and Gresham House were discussing.
It is believed that Evercore, Rothschild, and Dean Street Advisers are all advising on the potential takeover.
Gresham House’s spokesperson stated on Sunday that the company does not comment on “rumors and speculation.”
