Hugo Boss's owner SVG Capital continued to gain momentum during the first quarter of the year with a 15 per cent jump in the value of its assets.
The quoted proxy for giant private-equity group Permira saw its net asset value increase by 13 per cent to 443p, having suffered last year on the back of its investment in the German fashion house.
Earlier this year, SVG sold a 50.1 per cent stake in its management arm SVG Advisers to Martin Gilbert's Aberdeen Asset Management for £17.5m. Aberdeen can buy the rest in three years for a minimum of £20m and a maximum of £35m.
SVG's first-quarter results came as its parent company Permira confirmed it had raised just €2.2bn (£1.9bn) for its latest fund, about half of its fund-raising target.
The private equity group spent almost two years trying to raise funds – underlining the difficulties some companies are having raising money.Reuse content