HarbourVest to Buy SVG’s Portfolio for $992 MillionAaron Kirchfeld
HarbourVest Partners LLC has agreed to buy all of SVG Capital Plc’s investment portfolio for about 807 million pounds ($992 million).
The company has signed an asset transfer deed for the sale of the investment portfolio, SVG said in a statement Tuesday. SVG’s board expects about 1.12 billion pounds to be returned to shareholders through a series of tender offers and the winding up of the company, it said.
(Corrects currency conversion in first paragraph.)
Link to Statement:Link