Debevoise Guides HarbourVest In $1.4B Conversus Buy

Law360, New York (July 2, 2012, 8:22 PM EDT) -- A fund owned by private equity firm HarbourVest Partners LLC plans to buy Guernsey, Channel Islands-based private equity fund Conversus Capital LP’s investment portfolio for $1.4 billion, and Conversus will appoint a liquidator to wind down the remainder of its operations, according to an announcement Monday.

Up to 49.9 percent of eligible Conversus holders will have the option of maintaining their interest by receiving shares of the Boston-based firm’s acquisition vehicle, HarbourVest Structured Solutions II LP, according to the Conversus. All of its investors will be...
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