SVI : SVG Capital sells Arysta for £221m
SVG Capital has announced that Industrial Equity Holdings, an investment company owned by Permira, has sold Arysta Life Sciences. The deal values SVG Capital’s stake at £221m. Arysta is involved in the development, marketing and distribution of chemical solutions for the agroscience and health & nutrition science marketplace.
When the deal completes (estimated Q1 2015), SVG Capital will get £156m in cash and the balance in a convertible preferred note.
The price tag represents a £14m gain for SVI over the value they had ascribed to this investment at 30 June.