Investment Banking

SVG hits back at HarbourVest, says rival bidders may emerge

SVG: Unsolicited bid undervalues our firm, and here's the NAV to prove it

SVG CEO Lynn Fordham: Harbourvest bid undervalues company and assets
SVG CEO Lynn Fordham: Harbourvest bid undervalues company and assets Photo: SVG Capital

SVG has mounted its first counterattack since HarbourVest's unsolicited bid, announcing a sharp increase in net asset value and saying rival bidders may emerge offering a higher price.

The listed fund-of-funds firm said in a statement on September 16 it had received approaches "from a number of credible parties", that "could deliver superior value" to the unsolicted offer from HarbourVest.

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