Goldman Sachs plans London IPO for £3.6bn Petershill Partners

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Portfolio of alternative asset managers aims to take advantage of boom in private equity market

Goldman Sachs is preparing to list a new investment vehicle, Petershill Partners, on the London Stock Exchange in a move that could value the unit at £3.6bn thanks to aPetershill Partners is expected to raise about $750m through an initial public offering that will give institutional investors such as pension funds a chance to share in the profits of private equity firms and hedge funds without having to take direct stakes in those firms.

 

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Grand purveyor of Fishfarts - Steve Bell at his finest. Shysters is too good a name for them. They are hardly alone, & 2008 can happen again at any moment in time because nowt has changed. But the music hasn't stopped yet, so just pass the parcel will ya...?

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