SVG Capital is dented by Boss
A sharp fall in Hugo Boss's share price saw SVG Capital, the quoted proxy for giant private-equity group Permira, go into reverse in the third quarter.
Troubled by Burberry's profit warning and caution over the luxury goods sector, shares in Hugo Boss, which is SVG's largest single holding, fell by 12 per cent in the three months.
That helped to dent SVG's net asset value, which fell 4.4 per cent to 361.8p a share. But the firm said that since the end of September share prices, including Boss's, had moved up, adding another 8p a share to the net asset value.
SVG said it had received £102m from the sale of companies or stakes in companies during the quarter with the largest being £70.8m from the partial sell-off of the Far East casinos group Galaxy.
- 1 'He was lucky he didn't die' - George Michael fell out of speeding car onto M1 motorway, according to eye witness
- 2 Gay couple beaten in park urge MPs to moderate language on gay marriage
- 3 After woman sells virginity for $780,000, here are the results of our prostitution survey
- 4 Far-right French historian, 78-year-old Dominique Venner, commits suicide in Notre Dame in protest against gay marriage
- 5 'It was just like the movie Twister': Man survives Oklahoma tornado by taking refuge in horse stall
BMF is the UK’s biggest and best loved outdoor fitness classes
Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world
Win anything from gadgets to five-star holidays on our competitions and offers page.
iJobs Money & Business
£850 - £1000 per day: Orgtel: Programme Change Manager - Banking - London - £8...
£180 - £230 per day: Orgtel: Operations Analyst - Leading Bank in the City of ...
£500 per day: Orgtel: A top tier banking client urgently requires Finance Busi...
£425 - £550 per day: Orgtel: Senior Finance Project Manager - £550 - Bristol -...