Chris Warren, the former partner at ECI Partners who launched a multimillion-pound court case over equity and carried interest that he said he was owed following his departure, has withdrawn his claims against the UK private equity firm.

Warren, who launched a legal battle with ECI after leaving the London-based firm at the end of last year to become a partner at larger European buyout firm Charterhouse, said in a joint statement with ECI on Thursday: "ECI and Mr. Warren have engaged constructively and resolved their dispute amicably. Mr Warren has consequently withdrawn his claims against ECI."