Arle Capital to close in Q1 2017

According to a statement included in Candover's preliminary unaudited results for 2016, Arle will enter into voluntary liquidation, with the LP "able to self-manage the final run-off of its
portfolio".

Candover announced in 2010 that it would no longer make new investments and would enter into a run-off period, during which it would continue to monitor the performance and viability of Arle.

Candover's NAV per share fell to 163 pence by the end of 2016, following the expiry of lock-up periods related to the listings of portfolio companies Parques Reunidos and Technogym, down from 243 pence year-on-year.

In the first weeks of January, Arle divested a 26% stake in Parques Reunidos for €9.9m, retaining a €30.4m stake, and sold its remaining stake in Technogym for €9.5m.

The GP also recently sold its stake in Swedish mattress manufacturer Hilding Anders to KKR.

Arle could not be reached for comment at the time of publication.

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