Arle Capital Partners, which is winding down the former Candover Partners funds, has moved to smaller offices in London's West End after a year in which revenues and staff numbers continued to shrink.

The private equity firm has moved out of the base that it has occupied since a few months after its 2010 formation in London's St James's - which alongside Mayfair has been a traditional stomping ground for private equity and hedge fund firms - to a smaller office on Floral Street by Covent Garden, a spokesman confirmed.