SVG Capital accepts bid from Goldman and CPPIB: Reuters
Britain's SVG Capital Plc accepted an offer from Goldman Sachs Group Inc and the Canada Pension Plan Investment Board (CPPIB) on Thursday saying it gave shareholders a better return than a hostile bid from U.S. private equity rival HarbourVest, Reuters reported. SVG said Goldman Sachs and CPPIB would pay about 748 million pounds (US$950 million) for its investment portfolio which would allow it to return 1.06 billion pounds to shareholders once net cash was included.
6 October 2016•2 mins read
