The firm that chose to wind down to avoid a US takeover: SVG Capital agrees to sell half of its assets



Britain's biggest private equity group has agreed to sell half of its assets and wind down to avoid a hostile US takeover.
SVG Capital said it wanted to 'maximise cash returns to shareholders' as it revealed Pomona Capital and Pantheon Ventures were paying £379million for 50 per cent of its investment portfolio.
The company had spurned US rival HarbourVest's £1billion bid earlier this month, and had since held urgent talks with several groups of possible bidders to achieve a higher price.
It had urged shareholders not to accept the offer until after the company published its interim... read more

 
4 October 2016 in Business, Views: 33
Source: Daily Mail
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
        1 2 3 4 5
    6 7 8 9 10 11 12
    13 14 15 16 17 18 19
    20 21 22 23 24 25 26
    27 28