Oct 6 British private equity firm SVG Capital
Plc said it had agreed on commercial terms for a
proposed sale of its investment portfolio to a consortium that
included Goldman Sachs and the Canadian Pension Plan
Investment Board (CPPIB) for 748 million pounds ($950 million).
SVG, which is fending off a $1.35 billion bid from U.S.
rival HarbourVest, said the consortium's offer represents a 6.8
percent discount to the value of its investment portfolio as of
The company said about 1.06 billion pounds would be returned
to shareholders if the sale was completed on agreed terms.
SVG said on Tuesday that it would sell half of its
investment portfolio and wind down operations by the end of
($1 = 0.7868 pounds)
(Reporting by Noor Zainab Hussain in Bengaluru; Editing by