HarbourVest acquires Conversus Capital's portfolio

The deal marks HarbourVest's second acquisition of a publicly-listed private equity fund in 12 months, following the purchase of Swiss listed fund Absolute Private Equity in a deal valued at more than $800m.

Conversus is a publicly-listed portfolio of third party private equity funds. The firm sold its broadly diversified portfolio of more than 200 companies following a strategic review of assets, announced in February.

As part of the deal, all Conversus shareholders will have the option to receive cash payments. Up to 49.9% of shareholders will be able to roll-over their Conversus units into the new Guernsey-based fund HarbourVest Structured Solutions II.

Debevoise & Plimpton provided legal services to HarbourVest. JP Morgan Securities gave financial advise to Conversus.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• UK / Ireland
• United Kingdom
• HarbourVest