Private equity house makes another purchase

London based private equity firm Pamplona Capital Management has moved to increase its stake in Chaucer less than 24 hours after its first significant purchase.

Yesterday, Pamplona acquired a 9.26% holding, increasing its stake from 7.34%.

In a statement, Pamplona Capital Management said it had today acquired a further 3,994,603 Chaucer ordinary shares, through direct market purchases, to increase its aggregate stake in Chaucer from 9.26% to 9.99%.