HarbourVest to Buy SVG’s Portfolio for $992 Million

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

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