GHE.L Share News (GHE)

Gresham House GBP470 million takeover by Searchlight backed by court

(Alliance News) - Gresham House PLC on Wednesday said its takeover by Searchlight Capital Partners LP received court approval.

IN BRIEF: Gresham House's takeover gets Irish banking approval

Gresham House PLC - investor in utility-scale battery energy storage systems - Receives approval from the Central Bank of Ireland in respect of the change in control of Gresham House Asset Management Ireland Ltd upon the acquisition by Searchlight Capital Partners LP. Means all regulatory conditions surrounding the bid have been satisfied or waived. Acquisition remains subject to the Court's sanction of the scheme at the court hearing, which is expected to take place on December 13. Scheme is expected to become effective on December 19.

Central Bank of Ireland gives nod to Gresham House takeover

(Sharecast News) - Gresham House and Bidco announced a significant development in their ongoing acquisition process on Thursday, having received approval from the Central Bank of Ireland (CBI) for the proposed change in control related to the acquisition.

IN BRIEF: Baronsmead venture trusts to raise GBP15 million each

Baronsmead Venture Trust PLC and Baronsmead Second Venture Trust PLC - UK-focused venture capital trusts managed by Gresham House PLC - Plan to raise GBP15 million each in share subscription offer, with an over-allotment facility for a up to a further GBP10 million each. The share offers are expected to be launched at the beginning of December.

LONDON BROKER RATINGS: Jefferies cuts NatWest to underperform from buy

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

IN BRIEF: Gresham House takeover by Searchlight gets UK FCA approval

Gresham House PLC - London-based alternative asset manager - Takeover by US-based private equity and debt investor Searchlight Capital Partners LP gets approval from UK Financial Conduct Authority. Gresham House shareholders voted for the deal at the end of August, so only a few regulatory conditions remain. The acquisition is expected to be completed by early 2024. The deal announced back in July will see Gresham House become a portfolio company alongside other investments of funds advised by Searchlight. The funds are paying 1,105 pence per share, valuing Gresham House at GBP440.6 million on an enterprise value basis.

Gresham House gets FCA approval for acquisition by Searchlight funds

(Sharecast News) - Gresham House announced a critical regulatory approval for its planned acquisition by an entity consisting of funds directed by Searchlight Capital Partners, dubbed 'Bidco', on Tuesday.

Gresham House touts long-term ambitions as interim profit surges

(Alliance News) - Gresham House PLC on Thursday reported a higher interim profit, net asset value and more assets under management, as it hailed its long-term plan.

Gresham House posts slight uptick in assets under management

(Sharecast News) - Alternative asset manager Gresham House reported 5% growth in assets under management in its first half on Thursday, to £8.3bn.

Gresham House shareholders back GBP470 million takeover by Searchlight

(Alliance News) - Gresham House PLC on Wednesday said that its shareholders approved the planned takeover by US-based private equity and debt investor Searchlight Capital Partners LP.

UK shareholder meetings calendar - next 7 days

TRADING UPDATES: Marston's optimistic; Nichols sales get Vimto boost

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

UPDATE: Gresham House backs GBP470 million takeover from Searchlight

(Alliance News) - Gresham House Energy Storage Fund PLC on Monday noted that Gresham House PLC has agreed to be taken over by Searchlight Capital Partners LP.

LONDON MARKET MIDDAY: Uninspiring China data hurts miners and luxury

(Alliance News) - China's economy expanded at an unimpressive pace, bringing growth fears for the world's second-largest economy to the fore again and ensuring equities kicked off the new week on the back foot.

Gresham House to be taken over by Searchlight Capital in £470m deal

(Sharecast News) - Asset manager Gresham House has agreed to be taken over by US investment firm Searchlight Capital in a £470m deal.