In a move that echoes the calculated timing of a grandmaster’s final chess move, Petershill Partners PLC has sold its entire stake in Harvest Partners for a whopping $561 million, capitalizing on a lucrative seven-year partnership. The British investment giant—operated by Goldman Sachs Asset Management BV—confirmed the deal Friday, marking yet another strategic divestment in its private equity chessboard.
The transaction was finalized at a 22% premium over the investment’s 2024 year-end valuation, a figure that showcases the firm’s adept ability to monetize its assets at compelling prices. With this, Petershill continues its exit spree from investment firms, a trend that’s seen it rake in nearly $2 billion this year alone.
“This transaction highlights our ability to realize assets at attractive valuations,” said Ali Raissi-Dehkordy and Robert Hamilton Kelly, co-heads of Petershill. “Harvest is an exceptional firm, and this exit caps off seven years of mutual growth.”
A Stake That Grew Fourfold
Petershill originally acquired a non-control interest in Harvest Partners in October 2018, when the U.S.-based firm had approximately $5 billion in assets under management. That number has now ballooned to $20 billion, underscoring the operational momentum that made the stake so valuable.
Though the identity of the buyer remains undisclosed, the deal structure is straightforward yet substantial: $140 million in cash to be paid immediately, with the remaining $421 million set to follow on the first anniversary of the closing.
