The board of listed fund-of-funds firm SVG Capital has said the recent cash offer by HarbourVest to wholly acquire its shares “undervalues the company and its assets”, while releasing its half-year results to show an increase in NAV.
German centre-based tutoring provider will operate individually while synergies with new owner are identified
GP in informal discussions around exit or sale of parts of the UK-based company
Sale comes after a five-year holding period under the Amsterdam-headquartered GP’s Fund IV
After fall at the end of its financial year, the GP expects valuation of its investments to recover with double-digit percentage rises in next three years