SVG, the FTSE 250 private equity investor, has completed a fully underwritten placement of its remaining shares in Galaxy Entertainment Group, the Hong Kong listed casino and hotel operator.
The value of the transaction for SVG totals £103.9m and equates to a £4.9m (1.8p per share) uplift on the September 2012 valuation of Galaxy of £99.0m.
In a statement the firm revealed that through its direct holding, SVG Capital expects to receive net cash proceeds of around £88.1m.
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