Goldman’s Petershill to Delist From London Stock Exchange (2)

Goldman Sachs Group Inc.-backed Petershill Partners Plc plans to return capital to investors and delist from the London Stock Exchange, the latest blow to the UK’s ailing capital markets and investment trust industry.

Petershill will pay out $921 million equating to $4.15 a share in cash, according to a filing Thursday. The proposed deal values Petershill at about $4.5 billion, a 35% premium to Wednesday’s closing price.

The company, which listed in London four years ago, had lost more than a third of its value since its debut. Petershill said its valuation has been impacted by a range of ...