Private Equity

HarbourVest in £1bn swoop for SVG Capital

Latest listed private equity acquisition move by HarbourVest would put SVG into run-off

HarbourVest in £1bn swoop for SVG Capital
Photo: iStockPhoto

HarbourVest Partners is attempting to acquire fellow private equity investor SVG Capital in a £1 billion deal that marks the firm's latest consolidation play.

HarbourVest announced on September 12 that it bought 8.5% of SVG's shares and has received commitments for an additional 42.7% of the remaining share capital, which would give it more than the 50% threshold required to complete the deal.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump