Arle Capital Partners, the former buyout arm of Candover Investments, has swung into profit in its first year since its split with the parent company, helped in large part by significant reductions to its cost base.

According to filings at Companies House for the year ending 31 December 2011, Arle Capital Partners Limited - the company managing Candover's 2001, 2005 and 2008 vintage funds - made a post tax profit of £7.9m in the company's first 12 months since securing independence from Candover.