SVG Capital accepts bid from Goldman and Canadian pension fund



Britain's SVG Capital SVG.L accepted an offer from Goldman Sachs (GS.N) and the Canada Pension Plan Investment Board on Thursday, saying it gave shareholders a better return than a hostile bid from U.S. private equity rival HarbourVest.
If the Goldman consortium bid for SVG's entire investment portfolio prevails, shareholders would be able to sell stock at 680 pence each in a series of tenders over the coming months and the firm would be wound up in the second quarter next year.
Boston-based firm HarbourVest launched its SVG bid on Sept. 12 at 650 pence a share, saying it was taking... read more

 
10 October 2016 in Business, Views: 39
Source: Reuters
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