SVG Capital agrees on terms for portfolio sale to Goldman, CPPIB



British private equity firm SVG Capital Plc said it had agreed on commercial terms for a proposed sale of its investment portfolio to a consortium that included Goldman Sachs and the Canadian Pension Plan Investment Board (CPPIB) for 748 million pounds.
SVG, which is fending off a $1.35 billion bid from U.S. rival HarbourVest, said the consortium's offer represents a 6.8 percent discount to the value of its investment portfolio as of July 31.
The company said about 1.06 billion pounds would be returned to shareholders if the sale was completed on agreed terms.
SVG said on Tuesday that it... read more

 
6 October 2016 in Business, Views: 35
Source: Reuters
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