SVG Capitalplc's board confirmed reports that it was in detailed with a consortiumcomprising a unit of GoldmanSachs Group Inc. and the Canadian Pension Plan Investment Board,regarding a possible alternative transaction for SVG.
SVG Capital recently noted that it was in detaileddiscussions with several parties that may lead to an alternative transaction offeringbetter shareholder value than HarbourVest Structured Solutions III LP'soffer, which SVGCapital deemed too low.HarbourVest Structured Solutions is HarbourVest Partners LLC's indirectly owned investmentvehicle.
The company also confirmed that it was in detaileddiscussions with another interested party, which is seeking a partner to form aconsortium. In addition, SVG's board understands that a third party may also beinterested in considering an offer for the company.
SVG's board urged its shareholders to take no action withrespect to HarbourVest's offer, saying it will further update shareholders onOct. 4.