Boston-based private equity firm, HarbourVest Partners, has offered $752 million to acquire Swiss-based Absolute Private Equity, The Wall Street Journal reports. The deal, worth $17.25 per share, has been arranged through HarbourVest-managed secondary funds and its closed-ended investment company, HarbourVest Global Private Equity. The deal is expected to be completed in the third quarter of 2011. HarbourVest has around $30 billion in assets under management. Absolute mainly invests in private equity and venture capital funds.
Click here for the story from The Wall Street Journal.
Click here for additional coverage from Bloomberg.