Toscafund Asset Management

Toscafund Asset Management is a London-based specialist investment firm which is a major investor in Circle Health Ltd.[1]

Toscafund Asset Management
IndustryAsset management
Founded2000; 24 years ago (2000)
FounderMartin Hughes
AUMUS$5 billion (2022)
WebsiteOfficial website

It has assets of £4 billion. The Chief Executive is ex Tiger Management employee, Martin Hughes, nicknamed, according to The Times, the 'Rottweiler'.[2] Dr Savvas P Savouri is the chief economist and a partner in the firm.[3]

It was involved in a long argument with Speedy Hire, where it is a major investor, attempting to replace the chairman, Jan Astrand, whom it accuses of “egregious corporate governance failings”.[4] In September 2017, Toscafund Asset Management launched 300 million euro ($359.34 million) private equity fund that focus on small and mid-sized companies.[5][6]

In December 2019, Toscafund purchased 12% of Ted Baker following the decline in the company's share price.[7]

In January 2020, Toscafund announced that it owned 11.70% of the Stobart Group,[8] this was subsequently increased to 18.8%.[9]

In December 2020, Toscafund announced that it had sealed a takeover of TalkTalk Group which valued TalkTalk at £1.1 billion, taking it private. Toscafund was previously TalkTalk's second largest investor.[10][11]

References edit

  1. ^ "City investor bids to buy Circle in £74m deal". Health Service Journal. Retrieved 29 March 2017.
  2. ^ "Toscafund powers up San Leon stake". The Times. 5 March 2017. Retrieved 29 March 2017.
  3. ^ "With Article 50 triggered today, has the British pound already suffered the worst of Brexit anxiety?". CityAM. 29 March 2017. Retrieved 29 March 2017.
  4. ^ "Toscafund issues last-ditch attempt to oust Speedy Hire chairman". The Telegraph. 5 September 2016. Retrieved 29 March 2017.
  5. ^ White, Lucy (2017-09-13). "Toscafund launches €300m fund to invest in unlisted financial companies". Retrieved 2017-10-09.
  6. ^ "Toscafund to launch 300 million euro private equity fund". Reuters. 13 September 2017. Retrieved 2017-10-09.
  7. ^ "hedge fund increases stake ted baker".
  8. ^ "Notification of Major Interest in Shares".
  9. ^ "Tosca Fund increases to 18.8%".
  10. ^ "TalkTalk seals £1.1bn takeover deal".
  11. ^ Williams, Christopher (19 December 2020). "TalkTalk buy-out underpinned by £527m in costly borrowing". Sunday Telegraph. Retrieved 22 December 2020.