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SVG U-turn: Goldman and CPPIB deal sees sale agreed... again

Listed private equity investor strikes deal 'in principle' to sell its entire investment portfolio and wind down, barely 36 hours after reaching accord with rival suitors

SVG U-turn: Goldman and CPPIB deal sees sale agreed... again
Photo: iStockPhoto

The listed private equity investor SVG Capital has agreed "in principle" to sell 100% of its investment portfolio to Goldman Sachs and the Canada Pension Plan Investment Board – barely 36 hours after announcing it had reached terms to sell half to rival bidders

According to a statement from SVG on the morning of October 6, the deal with Goldman's asset management arm and CPPIB is worth £748 million.

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