Shares in SVG Capital suffered the biggest drop in their 12 years of London trading Thursday after the quoted private equity investor revealed a range of funding changes to shore up its finances. SVG, the largest investor in funds run by Permira, the private equity group, is raising about £200m from investors at 100p a share. It has cut its commitments to invest with Permira by nearly £800m, to £343.8m, renegotiated covenants with its lenders and taken a 40% provision against its investments.

This entry was posted by Gwen Robinson on Friday, December 19th, 2008 at 4:11 and is filed under Capital markets, Private equity. Tagged with permira, svg. Edit this entry.