Hours after hostile bidder HarbourVest gave SVG Capital's shareholders another week to accept its £1 billion bid, the UK-listed private equity investor said it expects to sign a "definitive" agreement to sell its entire investment portfolio to a Goldman Sachs unit and the Canada Pension Plan Investment Board "shortly" as it races to complete the deal.

HarbourVest on October 7 said it had extended the deadline for shareholders in SVG Capital to accept its bid for the UK-listed private equity investor by a week.