SVG Capital Plc has announced that it will take up the offer from Permira, its primary investee fund manager, to cap commitments to Permira IV at 60% and simultaneously launch a partially underwritten rights issue and placing to raise £200m.
Consortium of investors supporting the funding round includes existing and new backers
Vehicle is larger than its predecessor, Xenon Private Equity VI, a €184m fund closed in July 2014
GP intends to boost the company's organic growth and further strengthen its market position
Acquisition of the family-owned company adds to the GP's industrial portfolio