Toscafund Asset Management has increased its stake in serviced office provider IWG by 0.91 percentage points to 16.69%.
It is the second time the company has increased its shareholding in the group following the collapse of talks between IWG and three potential private equity buyers last year.
Toscafund is not the only stakeholder to up its holding since the talks collapsed.
In October, IWG chief executive Mark Dixon bought £9.86m of shares in the Regus owner. The serviced offices company’s founder and largest shareholder increased his stake in the business from 25% to 26.3%.
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