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Permira exits stake in SVG Capital

18 Aug 2014

exitPrivate equity firm Permira Holdings has exited its stake in London-listed PE firm SVG Capital.

Permira has reportedly sold 12 million shares representing a 5.7 per cent stake in the company, according to the deal document, seen by Bloomberg.

Fund of funds investor SVG Capital initially formalised its relationship with Permira in 2005, being a major backer in the firm’s fourth and fifth funds.

Permira said in a statement, “Following the sale, Permira intends to continue its strong relationship with the company.”

SVG focuses on management buyouts with its other commitments invested in Cinven, Clayton Dubilier & Rice and CCMP Capital.

At the start of this year Permira bought natural health products company Atrium Innovations for C$24 per share.

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