Little added that the acquisition of a majority stake in Capital Four meant Northill now had exposure to European high-yield credit, standing alongside, among others, its stake in equity manager Longview Partners, acquired in 2014.He said his company did not target “fixer-uppers, or businesses that need radical surgery”, but that Northill’s partners would seek to aid the new Danish acquisition by bringing their experience to the board.Näf praised the partnership as a “strong cultural fit”.“Northill’s engagement ensures Capital Four will continue as an independent firm where existing management continues to run the business, and will enable us to more readily broaden equity ownership to the firm’s future leaders,” he said. Asked about how Capital Four’s current €6bn in assets under management could grow in future, Little noted its shift away from being a wholesale provider towards offering products to institutional investors.The company currently runs an SME loan fund backed by ATP, PensionDanmark and Danica Pension, three of Denmark’s largest pension providers. Danish asset manager Capital Four has sold a majority stake to Northill Capital, boosting assets under management to $36bn (€33.4bn).Northill has acquired approximately 60% of the manager’s equity for an undisclosed sum, while chief executive Sandro Näf and portfolio managers Torben Skødeberg and Henrik Østergaard – all three of whom founded the firm in 2007 – will retain the remaining 40% stake.Jon Little, partner at Northill, said his company targeted specialist asset management companies for acquisition in an effort to grow its portfolio of managers, with an AUM of $30bn at the end of last year across managers in which it owns a majority stake.“We don’t like generalists, we don’t like people with five different products in different asset classes,” he said, praising the Danish asset manager as a “highly successful” firm.
The 23-year-old Belgium goalkeeper tore the meniscus of his right knee in training and is likely to be out until December, Press Association Sport understands. A statement from Chelsea read: “Thibaut Courtois underwent surgery yesterday (Thursday) on an avulsion of the posterior corner and medial part of the internal meniscus of his right knee. Press Association Begovic played in the loss at City after Courtois was sent off in the season opener with Swansea and the Bosnian has Mourinho’s confidence. “It’s a big blow, but you will not see me next week speaking again about Thibaut, because I never do when a player is injured,” added Mourinho, who will have Jamal Blackman on the bench. “It’s not easy to have the best goalkeeper in the world injured. “But it’s easy to have one of the best goalkeepers in the world to play. And we have Begovic to play.” Oscar remains out with a knee injury, but could return to contention for next Wednesday’s Champions League campaign opener at home to Maccabi Tel Aviv or the following Saturday against Arsenal. “Almost there,” said Mourinho on the Brazil playmaker. Mourinho declined to discuss Chelsea’s transfer window activity, where Everton rebuffed offers for defender John Stones. “The transfer window is closed. I have no more comments. I have nothing to say,” Mourinho said. “What (Everton boss Roberto) Martinez says for me means nothing. I don’t comment. “John Stones, I expect him to play tomorrow with (Phil) Jagielka, because it’s the normal two central defenders that play for Everton.” Asked if he would shake hands with Martinez at Goodison Park, Mourinho said: “You think that’s important? I don’t think it’s important.” Instead of Stones, Chelsea signed Papy Djilobodji on a recommendation. Mourinho said: “It was not my choice. It was the choice of somebody I trust completely. “I don’t know every player. My job doesn’t allow me to travel, doesn’t allow me to spend hours and hours watching players. “And in some moments of the market, under certain circumstances are moments where you have to trust or not the people that you work with. “In my case I trust, because the same person that told me that Djilobodji can be a good squad player for us, was the same person who told me (about Kurt) Zouma.” Mourinho remains optimistic despite Chelsea’s stuttering start to the season, which saw Crystal Palace inflict defeat last time out. “We are in a title race,” Mourinho said. “In every match we played better than the result. Circumstances of the match gave us results worse than the performance. So I’m positive.” Chelsea goalkeeper Thibaut Courtois will be out of action for around three months after undergoing surgery on his right knee. “The successful surgery consisted of a reattachment of the meniscus by suturing.” The operation is understood to have taken place in Spain. Courtois suffered the injury on Wednesday in circumstances boss Jose Mourinho was not familiar with, as it happened during a goalkeeper-specific session. The Blues boss was braced for the bad news, indicating Courtois would be out for “quite a long time” prior to the exact prognosis being revealed. The Barclays Premier League champions will first be without the Belgium goalkeeper for Saturday’s match at Everton, but Asmir Begovic will be required to deputise for some time to come. “Courtois was injured in a training session with the goalkeepers and I cannot tell you much, but I can tell you that he needs surgery in his right knee,” Mourinho said earlier on Friday. “As a consequence of that he will be out for quite a long time. I cannot be at this moment more specific about the injury or the time he will be out.” It is another blow for the Blues, who have four points from their opening four games and sit eight points behind leaders Manchester City.