Petershill, part of American investment bank Goldman Sachs, is reportedly in negotiations to acquire an interest in private equity firm Permira.
Petershill takes stakes in alternative asset management businesses.
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According to a report by the Wall Street Journal (WSJ), the Goldman Sachs unit is eyeing a minority stake in Permira.
The deal could fetch €500m (around $560m), valuing the private equity firm at over $5bn.
However, the talks are in the early stages and the possibility of a deal is still uncertain.
WSJ reported the news citing people matter with the issue. Goldman Sachs and Permira did not give any official confirmation on the same.
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By GlobalDataNeuberger Berman unit Dyal Capital Partners also eyes the stake in Permira, according to a person familiar with the matter.
Developments at Goldman Sachs
Goldman Sachs has been particularly active last year.
In July 2019, the bank closed the purchase of United Capital Financial Partners in a $750m deal.
The acquisition added more than $25bn in assets to Goldman Sachs’ books.
In August last year, Goldman Sachs Asset Management took a passive, non-voting minority equity stake in Canada’s Slate Asset Management.
Goldman Sachs is reportedly also in talks with the wealth management arm of ICBC to launch a majority-owned joint venture in China.
