The management team of Candover Partners effectively secured an independent future today in a near unanimous vote that allows the UK buyout firm to be reborn as Arle Capital Partners.

99% of shareholders in Candover Investments, the parent of the UK buyout firm, today approved of the decision to allow the team to leave the firm and buy some of Candover Investments' assets, according to a spokeswoman for Candover Investments. Arle will be managing the remaining assets of Candover Investments.