SVG cuts down exposure to Permira

Upon completion of the sale, SVG will retain 50% of food producer Iglo Group, which owns the frozen food company Birds Eye. SVG has signed agreements for future involvement in Permira's funds.

SVG will reportedly use returns from the sale to pay down debt and return capital to shareholders. According to its Q3 trading statement, the firm's net asset value shrunk by 4.4% to 361.8p. In the third quarter, SVG returned £9m to its shareholders by means of share buy-backs.

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• Topics
• UK / Ireland
• Permira
• United Kingdom
• SVG Capital