UK listed private equity investor SVG Capital has announced plans to return up to £170m to shareholders via share buy-backs and tender offers, but has yet to set a date on when it will start committing to new funds again.
In a statement this morning, the firm said it would return cash to shareholders as cash generation and realisations allowed, with an initial return of capital of up to £50m. Its balance sheet is strengthened with cash balances standing at £125m and net debt reduced to £137m.
