, Columnist
Goldman Sachs Is Back to Square One After a Private Equity Flop
The bank’s UK buyout-firm vehicle Petershill is going private.
Goldman Sachs Group Inc. capitalized on booming stock market demand for all things private equity when it took Petershill Partners Plc public in London in 2021. The snag with catching the peak is that it’s usually downhill from there. After a long period of poor share-price performance, Petershill is going private, returning to the stewardship of the US firm’s asset management arm.
The move has implications for private equity and for Goldman — if not so much for the UK stock market.