MVC Capital Announces the Sale of SHL Group Limited for $660M
MVC Capital, Inc. (NYSE: MVC) (the "Fund"), a publicly traded business development company that makes private debt and equity investments, today announced the closing of the sale of SHL Group Limited ("SHL"), a MVC portfolio company, to The Corporate Executive Board, (NYSE: EXBD), for $660 million in cash, subject to customary pre and post closing adjustments.
SHL provides workplace talent assessment solutions, including ability and personality tests, and psychometric assessments. The Fund first invested $6.0 million in PreVisor, Inc. in 2006. In January of 2011, SHL acquired PreVisor, Inc. and the Fund received shares in SHL.
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