News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Private Equity

Billion-pound bid for SVG lifts listed private equity prices

Analysts say share price rise was due to speculation there could be further takeover attempts of listed private equity vehicles

Billion-pound bid for SVG lifts listed private equity prices
Photo: iStockPhoto

HarbourVest's £1 billion bid for SVG Capital has lifted the share price of some big UK-listed private equity firms, a boost to a Cinderella sector that has struggled to close its discount to net asset value.

Analysts said the share price rise was due to speculation that there could be further takeover attempts of listed private equity vehicles, many of which have been trading at deep discounts to their net asset value for years.

WSJ Logo