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Glitnir spin-out makes almost 2x on boom-era fund

Realisation of the final holding in its 2006 fund helps UK-focused Total Capital Partners to strong return

Total Capital Partners, the private equity firm spun out of the Icelandic bank Glitnir in the financial crisis, has managed to almost double the capital it raised in the boom era of 2006 with the sale of its final portfolio company.

The firm has sold its investment in wallpaper supply company Arthouse to north-east England-focused firm NorthEdge Capital.

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