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Svg Capital Share News (SVI)
Share News for Svg Capital (SVI)
| Share Price: 406.00 | Bid: 406.00 | Ask: 406.70 | Change: -3.50 (-0.85%) |  | ||||||
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UPDATE 1-SVG mulls share buybacks as asset values rise
Fri, 12th Aug 2011 07:53
* Net asset values up 25 pct in H1 to 393.9 pence
* Considers share buybacks when cash
(Adds details)
LONDON, Aug 12 - Private equity investor SVG Capital said asset values rose steeply and it may buy back shares when it sees proceeds from sales of Permira companies, which account for the bulk of its portfolio.
SVG, seen by many as a listed proxy for buyouts firm Permira, which accounts for more than 80 percent of its investment portfolio, said asset valuations rose 25 percent in the six months to end-June to 393.9 pence.
It said it remained committed to investing in private equity, adding it could return cash to shareholders when proceeds from sales of companies owned by Permira begin to accelerate.
Permira has been looking for buyers for animal feeds business Provimi, television production company All3Media and is considering listing NDS, the pay-TV technology company it co-owns with News Corp, according to people familiar with those situations.
SVG said it was considering a longer-term strategy of how to deliver value to shareholders and expected to announce results of that review before the year-end, after consulting with shareholders.
(Reporting by Simon Meads; Editing by Dan Lalor) Keywords: SVGCAPITAL/RESULTS
(simon.meads@thomsonreuters.com)(+44 20 7542 9969)(Reuters Messaging: simon.meads.thomsonreuters.com@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2011. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Net asset values up 25 pct in H1 to 393.9 pence
* Considers share buybacks when cash
position improves
(Adds details)
LONDON, Aug 12 - Private equity investor SVG Capital said asset values rose steeply and it may buy back shares when it sees proceeds from sales of Permira companies, which account for the bulk of its portfolio.
SVG, seen by many as a listed proxy for buyouts firm Permira, which accounts for more than 80 percent of its investment portfolio, said asset valuations rose 25 percent in the six months to end-June to 393.9 pence.
It said it remained committed to investing in private equity, adding it could return cash to shareholders when proceeds from sales of companies owned by Permira begin to accelerate.
Permira has been looking for buyers for animal feeds business Provimi, television production company All3Media and is considering listing NDS, the pay-TV technology company it co-owns with News Corp, according to people familiar with those situations.
SVG said it was considering a longer-term strategy of how to deliver value to shareholders and expected to announce results of that review before the year-end, after consulting with shareholders.
(Reporting by Simon Meads; Editing by Dan Lalor) Keywords: SVGCAPITAL/RESULTS
(simon.meads@thomsonreuters.com)(+44 20 7542 9969)(Reuters Messaging: simon.meads.thomsonreuters.com@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2011. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Permira only raises 2.2 bln euros for smaller new fund
* Final target 4-5 billion euros* SVG Capital commits 100 mln euros* Portfolio rises 8 pct in Q1By Anjuli DaviesLONDON, April 25 (Reuters) - Private e[25 Apr '13]
BRIEF-SVG Capital says Andrew Sykes to become chairman
LONDON, Oct 1 (Reuters) - SVG Capital PLC: * Andrew Sykes will succeed nicholas as chairman with effect from 8 November 2012.[1 Oct '12]
UPDATE 1-Hugo Boss helps SVG asset values rise
LONDON, Aug 10 (Reuters) - Private equity investor SVG Capital said on Friday the value of its assets had risen, driven by resilient sales and g[10 Aug '12]
BRIEF-SVG Capital - Asset values rise to 378.5 pence
LONDON, Aug 10 (Reuters) - SVG Capital PLC: * 12.3% increase in net assets per share to 378.5P * Total capital of £87.4 million return[10 Aug '12]
RESEARCH ALERT-Oriel raises SVG Capital to hold
Aug 7 (Reuters) - SVG Capital PLC: * Oriel raises to hold from reduce For a summary of rating actions and price target changes on European[7 Aug '12]
BRIEF-RESEARCH ALERT-Oriel Securities cuts SVG Capital to reduce
March 2 (Reuters) - SVG Capital PLC: * Oriel Securities cuts SVG Capital PLC to reduce from hold For a summary of rating actions and price[2 Mar '12]
BRIEF-RESEARCH ALERT-Singer raises SVG Capital price target
Feb 10 (Reuters) - SVG Capital PLC: * Singer raises SVG Capital PLC price target to 350P from 295P For a summary of rating actions and pric[10 Feb '12]
BRIEF-RESEARCH ALERT-Singer starts SVG Capital with buy
Feb 2 (Reuters) - SVG Capital PLC: * Singer starts SVG Capital with buy For a summary of rating actions and price target changes[2 Feb '12]
