Private Equity

Secondaries

Trump education pick DeVos to sell over $180m of stakes

The stakes include buyout, credit, secondaries and real estate fund interests.

2 min read · 27 January 2017

Verdane exits car software maker from Fund VII

The Nordic direct secondaries firm had built up a 55% stake in Movimento, which counts GM, Fiat Chrysler and Volvo among its customers.

2 min read · 10 January 2017

The end of a ‘gentlemanly’ era?

SVG’s capitulation to HarbourVest’s final offer for its portfolio marks the end of a saga that may usher in a new era for secondaries.

2 min read · 20 October 2016

SVG agrees to new HarbourVest portfolio bid

The global investment manager has agreed with the London-listed private equity investor to acquire its portfolio by raising its previous offer by £24m.

2 min read · 18 October 2016

HarbourVest further extends offer for SVG

Shareholders in the London-listed private equity investor now have until Tuesday to accept HarbourVest's offer for the company.

2 min read · 17 October 2016

HarbourVest ups ante, offers to buy SVG’s whole portfolio

In an effort to trump a £748m preliminary agreement SVG reached with rival suitors Goldman Sachs and CPPIB, HarbourVest has also offered to buy the London-listed private equity investor's entire portfolio, but for at least £783.1m.

3 min read · 10 October 2016

HarbourVest extends SVG offer deadline by 7 days

HarbourVest is giving shareholders more time to consider its offer after SVG said it planned to sell its entire portfolio to Goldman Sachs and CPPIB for around £748 million.

2 min read · 07 October 2016

Goldman, CPPIB rejoin race for SVG

News the pair is offering to buy all of SVG comes barely a day after the London-listed private equity investor reached an agreement ‘in principle’ to sell half its portfolio to two other buyers.

2 min read · 05 October 2016

SVG shares subside in wake of planned asset sales

Shares in the London-listed private equity investor, led by CEO Lynn Fordham, fell by over 3% to 652 pence at mid-morning, with just one day to go before HarbourVest’s 650p-a-share final offer expires.<br />

4 min read · 05 October 2016

Pomona, Pantheon agree to acquire SVG assets

The two firms have agreed to acquire 50 percent of SVG’s portfolio with just over a day and a half to go before shareholders must decide whether to accept a rival offer from HarbourVest.

3 min read · 04 October 2016

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