Toscafund Asset Management
Toscafund Asset Management is a British specialist investment firm which is a major investor in a number of companies including Circle Health Ltd.
, it had assets of £4 billion. The Chief Executive is ex Tiger Management employee, Martin Hughes, nicknamed, according to The Times, the 'Rottweiler'. Dr Savvas P Savouri is the chief economist and a partner in the firm.
History
Starting in 2016, it was involved in a long term argument with Speedy Hire, where it was a major investor, attempting to replace the chairman, Jan Astrand, whom it accuses of “egregious corporate governance failings”. In September 2017, Toscafund Asset Management launched 300 million euro private equity fund that focus on small and mid-sized companies.In December 2019, Toscafund purchased 12% of Ted Baker following the decline in the company's share price.
In January 2020, Toscafund announced that it owned 11.70% of the Stobart Group, this was subsequently increased to 18.8%.
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.