SVG Capital says Goldman, CPPIB propose to buy portfolio



Private equity firm SVG Capital Plc (SVI.L) said on Wednesday it received a proposal from a consortium that included Goldman Sachs Group Inc (GS.N) and the Canadian Pension Plan Investment Board (CPPIB) to acquire its investment portfolio.
SVG, which has rejected a bid from U.S. rival HarbourVest, said it was "urgently" evaluating the proposal.
The statement comes a day after SVG said it would sell half of its investment portfolio for 379 million pounds and wind down operations by the end of 2017.
SVG said winding down would be a better option for its shareholders rather than... read more

 
5 October 2016 in Business, Views: 47
Source: Reuters
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