HarbourVest ups offer for Absolute

The offer is $54m higher than the deal proposed during the Easter weekend, which was recommended by Absolute's board.

This offer is fully funded and available to all shareholders. The initial offer period ends on 21 July 2011, with an additional offer period commencing a week later.

25 August 2011 has been set as the latest date for settlement of the offer, as of the latest indicative timetable.

John Toomey, managing director of HarbourVest, says the acquisition of Absolute gives the firm exposure to a portfolio of high-quality global private equity assets and that the increased offer price has a strong likelihood of achieving a high level of acceptance.

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• Topics
• Fund-of-funds
• UK / Ireland
• DACH
• Switzerland
• HarbourVest Partners Limited