Toscafund Asset Management

British investment company

Toscafund Asset ManagementCompany type| Private company

|

Industry| Asset management
Founded| 2000; 25 years ago (2000)
Founder| Martin Hughes
Headquarters|

London

United Kingdom

Key people

| Martin Hughes (CEO)
Products| Investments
AUM| US$5 billion (2022)
Website| Official website

Toscafund Asset Management is a British specialist investment firm which is a major investor in a number of companies including Circle Health Ltd.[1]

As of 2020[update], it had 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]

## History

[edit]

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”.[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

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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.