Goldman Plans $1.5 Billion Petershill Partners IPO in London (1)

Goldman Sachs Group Inc.’s Petershill Partners is planning to go public in a deal that could raise as much as 1.1 billion pounds ($1.5 billion), adding to a rush of private equity firms listing in Europe.

The newly created company will be valued as much as 4.3 billion pounds. It’s the third IPO by a private equity manager in Europe in recent months, underscoring investor demand for high-growth assets.

Petershill announced the terms of the deal on Tuesday, saying it plans to raise about 549 million pounds in fresh capital and existing shareholders will sell shares worth as much ...