Trygve Grindheim has retraced his steps to Industri Kapital, coming back to the position he quit last year for Bain Capital.

Gryndheim, who has come back to the Swedish private equity firm's London office as deputy director, said he made the move &quotfor personal reasons&quot. Bain Capital, the US-based firm with a London office and $12bn (€13bn) under management, declined to comment. Gryndheim had joined Bain Capital after four years at Industri Kapital, having previously worked as an investment banker.