UK-listed private equity manager SVG Capital has earned four times its initial investment from the sale of Swiss company Jet Aviation to a US defence contractor in a deal valued at Sfr2.45bn (â¬1.52bn).
SVG is the largest investor in third-party private equity manager Permira, whose fund purchased Jet Aviation in 2005. A spokeswoman for Permira, which has 19 funds, declined to say how much the manager originally paid for the Swiss airline services company or the returns for its investors on the sale to defense contractor General Dynamics.
