MARKET REPORT: Three bidders join battle for £1bn takeover of London private equity firm SVG Capital

The battle for private equity firm SVG Capital intensified last night as Goldman Sachs and Canada Pension Plan Investment Board made a joint offer to buy the business.
SVG said it was urgently examining the bid but did not say how much cash was on the table.
Bidding was kicked off by US rival HarbourVest late last month, but SVG urged shareholders to reject the surprise £1billion proposal and came up with an alternative plan to sell half its portfolio to Pomona Capital and Pantheon Ventures for £379million. Bosses would then wind down the remaining assets.
HarbourVest hit back in a stock... read more

5 October 2016 in Business, Views: 61
Source: Daily Mail

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