Petershill Partners Plc, the London-listed subsidiary of Goldman Sachs Group Inc’s asset management division, is nearing a deal to acquire a stake in private equity firm Arsenal Capital Partners, people familiar with the matter said.
New York-based Arsenal Capital makes buyout and growth equity investments in businesses primarily in the industrials and healthcare sectors. The firm was founded in 2000 and has about $5.8 billion in assets under management.
Petershill said earlier this week it had completed fundraising for its fourth flagship fund after amassing $5 billion from investors. The firm’s previous investments in private equity fund managers include Accel-KKR, Francisco Partners and Riverstone Holdings.
Read more/Source: Reuters
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