HarbourVest Offers to Buy SVG’s Investment Portfolio

10/10/16

Private equity firm HabourVest offered to buy smaller rival SVG Capital‘s (SVI.L) investment portfolio, providing an alternative to its $1.35 billion cash offer for the company, as it looks to trump an already accepted offer from Goldman Sachs (GS.N) and the Canada Pension Plan Investment Board.

Boston-based HarbourVest said it was willing to pay at least 783.1 million pounds ($973.8 million) for SVG Capital’s investment portfolio.

SVG declined to comment when contacted by Reuters.

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