Increase of 23% in NAV per share to 480p; compares to a return of 5% for MSCI World Index and 8% for the FTSE 350 (TR) for the same period
£101 million of capital returned to shareholders in the six month period with a further £267 million targeted over the next 2-3 years
50.1% of SVG Advisers sold to Aberdeen Asset Management with the formation of a three year strategic alliance, Aberdeen SVG
─ Crystallisation of value for shareholders, adding 17p to NAV per share
An agreement signed to sell SVG Investment Managers to Hansa Aktiengesellschaft ("Hansa"), a Swiss based international investor
Strong liquidity position - £219 million of cash; net debt position of £34 million (3% of Shareholders funds)
New commitments made to two funds - Fifth Cinven Fund (€100 million) and Permira V (€100 million); expect to make further new investments in the next 12 months
Revolving Credit Facility increased to €250 million; increasing investment capacity and financing optionality
Investment portfolio
Total return on investment portfolio of 19%
High quality portfolio companies with strong growth prospects and diversified global revenue streams
Continued strong performance of investments in Aberdeen SVG funds and SVG Investment Managers funds - increase of 14% in the six months
Since 30 June 2013, quoted portfolio and FX movements have added a further 34p to NAV per share
─ Adjusted NAV per share of 514p (as at 7 August 2013)
Lynn Fordham, CEO of SVG Capital commented: "SVG Capital has continued to build on the positive momentum of the last few years as we further implement our strategy.
"We have a portfolio of high quality assets that continue to report good revenue and earnings growth. We are confident that the high quality management teams at the portfolio companies will continue to deliver growth for investors as we look to broaden our vintage year exposure with new commitments and co-investments alongside funds.
"We are also pleased to have completed the strategic reviews of our two fund management businesses, crystallising the value in these businesses for our shareholders with the sale of 50.1% of SVG Advisers to Aberdeen Asset Management and the agreed sale of SVG Investment Managers to Hansa."
