U.K. private equity fund of funds, SVG Capital, has reduced the value of its stake in Freescale Semiconductor, following the company’s IPO, AltAssets reports. SVG decreased the value of its holding in Freescale to £66.8 million, from £72.8 million as of the end of March 2011.
SVG owns a stake in Freescale through its cornerstone investment in U.K. firm, Permira. SVG did not offer any shares in the IPO and currently holds 12.3% of the company’s issued share capital. Freescale raised $783 million through the IPO.
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