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Aberdeen Asset Management PLC (Aberdeen) is pleased to announce it has agreed to purchase SVG Capital plc’s stake in their joint venture vehicle, Aberdeen SVG Private Equity Managers Limited (Aberdeen SVG Private Equity) for £29 million.
In May 2013, Aberdeen acquired a 50.1% stake in Aberdeen SVG Private Equity from SVG Capital plc with the option of acquiring the remaining 49.9% stake. The transaction is part of Aberdeen’s strategy to consolidate and strengthen further its alternatives platform which provides multi-manager coverage of hedge funds, property and private equity allocations, infrastructure investments and Pan-Alternative capabilities.
The majority of the Aberdeen SVG Private Equity team will be fully integrated into Aberdeen’s private...
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