HarbourVest delists from Amsterdam stock exchange

Amedeo Goria
25 October 2016

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Fund-of-funds manager HarbourVest Global Private Equity has delisted from the Amsterdam stock exchange, Euronext, to list solely on the main market of the London Stock Exchange.

Following the delisting, the firm entered the FTSE 250 list with a 109 pence share price at the time of publication.

The decision follows the intention to reduce administrative and legal costs as well as simplify the operational branch of the business. As part of the deal, the firm's current shareholders, who obtained their shares through the Dutch public market, will be able to continue trading via the LSE.

The move comes after HarbourVest won the battle to acquire SVG Capital, taking over the investment portfolio of SVG for £807m after a highly competitive auction process, sparked by HarbourVest's unsolicited take-over offer. The fund-of-funds beat two consortiums to the prize, namely Pantheon Ventures and Pomona Capital, and Goldman Sachs and Canada Pension Plan Investment Board (CPPIB). The final deal price equated to an aggregate value of 715 pence per share, while HarbourVest's original offer valued them at 650 pence apiece.